SIGNATURE BANK, NATIONAL ASSOCIATION Failed 1990
What happened
SIGNATURE BANK, NATIONAL ASSOCIATION of DALLAS, TX was closed on 1990-04-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMPASS BANK-PLANO (PLANO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2742
- FDIC Certificate
- 24666
- FDIC FIN
- 4189
- Bank name
- SIGNATURE BANK, NATIONAL ASSOCIATION
- Location
- DALLAS, TX
- Failure date
- 1990-04-26
- FDIC resolution date
- 1990-04-26
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $27M
- Assets at failure
- $27M
- Acquiring bank
- COMPASS BANK-PLANO (PLANO, TX)
Other banks COMPASS BANK-PLANO acquired in FDIC resolutions