THE CENTRAL NATIONAL BANK OF SAN ANGELO Failed 1990

What happened

THE CENTRAL NATIONAL BANK OF SAN ANGELO of SAN ANGELO, TX was closed on 1990-03-22. The FDIC was named receiver.

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

Deposits were transferred to FIRST NATIONAL BANK AT LUBB (LUBBOCK, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2710

FDIC Certificate

5507

FDIC FIN

4171

Bank name

THE CENTRAL NATIONAL BANK OF SAN ANGELO

Location

SAN ANGELO, TX

Failure date

1990-03-22

FDIC resolution date

1990-03-22

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$45M

Deposits at failure

$148M

Assets at failure

$147M

Acquiring bank

FIRST NATIONAL BANK AT LUBB (LUBBOCK, TX)