PARK CENTRAL BANK, NATIONAL ASSOC Failed 1989
What happened
PARK CENTRAL BANK, NATIONAL ASSOC of FORT WORTH, 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 COLONIAL NATIONAL BANK (FORT WORTH, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2496
- FDIC Certificate
- 26319
- FDIC FIN
- 5983
- Bank name
- PARK CENTRAL BANK, NATIONAL ASSOC
- Location
- FORT WORTH, TX
- Failure date
- 1989-08-24
- FDIC resolution date
- 1989-08-24
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $15M
- Assets at failure
- $12M
- Acquiring bank
- COLONIAL NATIONAL BANK (FORT WORTH, TX)
Other banks COLONIAL NATIONAL BANK acquired in FDIC resolutions