# PRESTON NORTH NATIONAL BANK

> **Failed bank** · DALLAS, TX · failed 1989-06-22 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

PRESTON NORTH NATIONAL BANK of DALLAS, TX was closed by the OCC on **1989-06-22**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **SEQUOR NATIONAL BANK TEXAS** (DALLAS, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2393
- **FDIC Certificate:** 24630
- **FDIC FIN:** 4028
- **Bank name:** PRESTON NORTH NATIONAL BANK
- **Location:** DALLAS, TX
- **Failure date:** 1989-06-22
- **FDIC resolution date:** 1989-06-22
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $7M
- **Assets at failure:** $7M
- **Acquiring bank:** SEQUOR NATIONAL BANK TEXAS (DALLAS, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=PRESTON%20NORTH%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PRESTON NORTH NATIONAL BANK (FDIC ID 2393), failed 1989-06-22. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2393.

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