TEXAS AMERICAN BANK/PRESTONWOOD, Failed 1989
What happened
TEXAS AMERICAN BANK/PRESTONWOOD, of DALLAS, TX was closed on 1989-07-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS AMERICAN BRIDGE BANK, (FT. WORTH, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2435
- FDIC Certificate
- 22234
- FDIC FIN
- 4035
- Bank name
- TEXAS AMERICAN BANK/PRESTONWOOD,
- Location
- DALLAS, TX
- Failure date
- 1989-07-20
- FDIC resolution date
- 1990-02-01
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $50M
- Assets at failure
- $50M
- Acquiring bank
- TEXAS AMERICAN BRIDGE BANK, (FT. WORTH, TX)
Other banks TEXAS AMERICAN BRIDGE BANK, acquired in FDIC resolutions
- TEXAS AMERICAN BANK/PLANO, NA (PLANO, TX) — failed 1989-07-20
- TEXAS AMERICAN BANK/GREATER SOUTH (GRAND PRAIRIE, TX) — failed 1989-07-20
- TEXAS AMERICAN BANK/LONGVIEW, NA (LONGVIEW, TX) — failed 1989-07-20
- TEXAS AMERICAN BANK/RICHARDSON (RICHARDSON, TX) — failed 1989-07-20
- TEXAS AMERICAN BANK/FARMERS BRANCH (FARMERS BRANCH, TX) — failed 1989-07-20
- TEXAS AMERICAN BANK/LBJ, NA (DALLAS, TX) — failed 1989-07-20
- TEXAS AMERICAN BANK/TEMPLE, NA (TEMPLE, TX) — failed 1989-07-20
- TEXAS AMERICAN BANK/FORUM, NA (ARLINGTON, TX) — failed 1989-07-20
- TEXAS AMERICAN BANK/TYLER, NA (TYLER, TX) — failed 1989-07-20
- TEXAS AMERICAN BANK/SOUTHWEST, NA (STAFFORD, TX) — failed 1989-07-20