AMERICAN NATIONAL BANK OF GREENVILLE Failed 1990

What happened

AMERICAN NATIONAL BANK OF GREENVILLE of GREENVILLE, TX was closed on 1990-07-12. The FDIC was named receiver.

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

Deposits were transferred to SULPHUR SPRINGS STATE BANK (SULPHUR SPRINGS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2843

FDIC Certificate

26387

FDIC FIN

4247

Bank name

AMERICAN NATIONAL BANK OF GREENVILLE

Location

GREENVILLE, TX

Failure date

1990-07-12

FDIC resolution date

1990-07-12

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$7M

Deposits at failure

$29M

Assets at failure

$29M

Acquiring bank

SULPHUR SPRINGS STATE BANK (SULPHUR SPRINGS, TX)