SUMMIT BANK Failed 1989
What happened
SUMMIT BANK of SAN ANTONIO, TX was closed on 1989-08-24. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to THE FROST NATIONAL BANK OF (SAN ANTONIO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2494
- FDIC Certificate
- 21256
- FDIC FIN
- 5984
- Bank name
- SUMMIT BANK
- Location
- SAN ANTONIO, TX
- Failure date
- 1989-08-24
- FDIC resolution date
- 1989-08-24
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $18M
- Assets at failure
- $19M
- Acquiring bank
- THE FROST NATIONAL BANK OF (SAN ANTONIO, TX)
Other banks THE FROST NATIONAL BANK OF acquired in FDIC resolutions