PARK FORTY-FIVE NATIONAL BANK Failed 1989

What happened

PARK FORTY-FIVE NATIONAL BANK of SPRING, TX was closed on 1989-08-04. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to KLEIN BANK (HARRIS COUNTY, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2469

FDIC Certificate

25871

FDIC FIN

5981

Bank name

PARK FORTY-FIVE NATIONAL BANK

Location

SPRING, TX

Failure date

1989-08-04

FDIC resolution date

1989-08-04

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$10M

Deposits at failure

$22M

Assets at failure

$22M

Acquiring bank

KLEIN BANK (HARRIS COUNTY, TX)