# SUMMIT BANK

> **Failed bank** · SAN ANTONIO, TX · failed 1989-08-24 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $4M

## What happened

SUMMIT BANK of SAN ANTONIO, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- UNIVERSITY NATIONAL BANK (SAN ANTONIO, TX) — failed 1989-08-03 — /failed-bank/2468
- WESTPOINT NATIONAL BANK (SAN ANTONIO, TX) — failed 1989-02-16 — /failed-bank/2106

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SUMMIT%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SUMMIT BANK (FDIC ID 2494), failed 1989-08-24. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/2494.

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