UNIVERSITY NATIONAL BANK OF COLLEGE STATIO Failed 1990

What happened

UNIVERSITY NATIONAL BANK OF COLLEGE STATIO of COLLEGE STATION, TX was closed on 1990-03-08. The FDIC was named receiver.

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

Deposits were transferred to FIRST AMERICAN BANK (BRYAN, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2688

FDIC Certificate

16457

FDIC FIN

4160

Bank name

UNIVERSITY NATIONAL BANK OF COLLEGE STATIO

Location

COLLEGE STATION, TX

Failure date

1990-03-08

FDIC resolution date

1990-03-08

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$12M

Deposits at failure

$40M

Assets at failure

$36M

Acquiring bank

FIRST AMERICAN BANK (BRYAN, TX)

Other banks FIRST AMERICAN BANK acquired in FDIC resolutions

• HIGH DESERT STATE BANK (ALBUQUERQUE, NM) — failed 2010-06-25
• TOWN COMMUNITY BANK AND TRUST (ANTIOCH, IL) — failed 2010-01-15
• UNITED CITIZENS BANK, NATIONAL ASSOC (COLLEGE STATION, TX) — failed 1991-02-28
• TEXAS COMMERCIAL SA (SULPHUR SPRINGS, TX) — failed 1990-09-21
• FIRST CALIFORNIA SAVINGS (ORANGE, CA) — failed 1989-04-06
• FIRST BANK & TRUST (BRYAN, TX) — failed 1989-02-09
• FARMERS NATIONAL BANK OF ERICK (ERICK, OK) — failed 1985-02-07