NBC BANK-SEGUIN, NATIONAL ASSOC Failed 1990

What happened

NBC BANK-SEGUIN, NATIONAL ASSOC of SEGUIN, TX was closed on 1990-06-01. The FDIC was named receiver.

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

Deposits were transferred to NCNB TEXAS NATIONAL BANK (DALLAS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2789

FDIC Certificate

5524

FDIC FIN

4219

Bank name

NBC BANK-SEGUIN, NATIONAL ASSOC

Location

SEGUIN, TX

Failure date

1990-06-01

FDIC resolution date

1990-06-01

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$6M

Deposits at failure

$68M

Assets at failure

$64M

Acquiring bank

NCNB TEXAS NATIONAL BANK (DALLAS, TX)

Other banks NCNB TEXAS NATIONAL BANK acquired in FDIC resolutions

• NBC BANK-KERRVILLE, NATIONAL ASSOC (KERRVILLE, TX) — failed 1990-06-01
• NBC BANK-AUSTIN, NATIONAL ASSOC (AUSTIN, TX) — failed 1990-06-01
• NBC BANK-HOUSTON, NATIONAL ASSOC (HOUSTON, TX) — failed 1990-06-01
• NBC BANK-UVALDE, NATIONAL ASSOC (UVALDE, TX) — failed 1990-06-01
• NBC BANK-BOERNE, NATIONAL ASSOC (BOERNE, TX) — failed 1990-06-01
• NBC BANK-RIO GRANDE VALLEY, NA (MISSION, TX) — failed 1990-06-01
• NBC BANK-SAN ANTONIO, NATIONAL ASSOC (SAN ANTONIO, TX) — failed 1990-06-01
• NBC BANK- SOUTH TEXAS, NATIONAL (CORPUS CHRISTI, TX) — failed 1990-06-01
• THE HUNTSVILLE NATIONAL BANK (HUNTSVILLE, TX) — failed 1990-05-31
• THE FIRST NATIONAL BANK OF GEORGETOWN (GEORGETOWN, TX) — failed 1990-05-17