TEXAS AMERICAN BANK/GREATER SOUTH Failed 1989
What happened
TEXAS AMERICAN BANK/GREATER SOUTH of GRAND PRAIRIE, 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
- 2440
- FDIC Certificate
- 23672
- FDIC FIN
- 4039
- Bank name
- TEXAS AMERICAN BANK/GREATER SOUTH
- Location
- GRAND PRAIRIE, TX
- Failure date
- 1989-07-20
- FDIC resolution date
- 1990-02-01
- 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.)
- $4M
- Deposits at failure
- $32M
- Assets at failure
- $33M
- 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/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/PRESTONWOOD, (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