TRAVIS BANK AND TRUST Failed 1989
What happened
TRAVIS BANK AND TRUST of AUSTIN, TX was closed on 1989-04-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNION NATIONAL BANK OF TEXA (AUSTIN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2357
- FDIC Certificate
- 20053
- FDIC FIN
- 4006
- Bank name
- TRAVIS BANK AND TRUST
- Location
- AUSTIN, TX
- Failure date
- 1989-04-20
- FDIC resolution date
- 1989-04-20
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $13M
- Deposits at failure
- $52M
- Assets at failure
- $54M
- Acquiring bank
- UNION NATIONAL BANK OF TEXA (AUSTIN, TX)
Other banks UNION NATIONAL BANK OF TEXA acquired in FDIC resolutions