BRUSHY CREEK NATIONAL BANK Failed 1989

What happened

BRUSHY CREEK NATIONAL BANK of ROUND ROCK, TX was closed on 1989-07-27. The FDIC was named receiver.

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

Deposits were transferred to UNION NATIONAL BANK, AUSTIN (AUSTIN, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2454

FDIC Certificate

26182

FDIC FIN

4062

Bank name

BRUSHY CREEK NATIONAL BANK

Location

ROUND ROCK, TX

Failure date

1989-07-27

FDIC resolution date

1989-07-27

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$2M

Deposits at failure

$10M

Assets at failure

$10M

Acquiring bank

UNION NATIONAL BANK, AUSTIN (AUSTIN, TX)