CROWN BANK, NATIONAL ASSOCIATION Failed 1990

What happened

CROWN BANK, NATIONAL ASSOCIATION of SAN ANTONIO, TX was closed on 1990-03-29. The FDIC was named receiver.

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

Deposits were transferred to FIRST CITY,TEXAS-SAN ANTONI (SAN ANTONIO, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2717

FDIC Certificate

26648

FDIC FIN

4174

Bank name

CROWN BANK, NATIONAL ASSOCIATION

Location

SAN ANTONIO, TX

Failure date

1990-03-29

FDIC resolution date

1990-03-29

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$3M

Deposits at failure

$22M

Assets at failure

$23M

Acquiring bank

FIRST CITY,TEXAS-SAN ANTONI (SAN ANTONIO, TX)