AMERICAN BANK OF ARLINGTON Failed 1990

ARLINGTON, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

AMERICAN BANK OF ARLINGTON of ARLINGTON, 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 BANC ONE, TEXAS, NATIONAL A (DALLAS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2713
FDIC Certificate
22829
FDIC FIN
4169
Bank name
AMERICAN BANK OF ARLINGTON
Location
ARLINGTON, TX
Failure date
1990-03-22
FDIC resolution date
1990-03-22
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$4M
Deposits at failure
$29M
Assets at failure
$28M
Acquiring bank
BANC ONE, TEXAS, NATIONAL A (DALLAS, TX)