CONTINENTAL BANK Failed 1990
What happened
CONTINENTAL BANK of DALLAS, TX was closed on 1990-07-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMERICA BANK - TEXAS (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2854
- FDIC Certificate
- 18787
- FDIC FIN
- 4251
- Bank name
- CONTINENTAL BANK
- Location
- DALLAS, TX
- Failure date
- 1990-07-26
- FDIC resolution date
- 1990-07-26
- 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.)
- $25M
- Deposits at failure
- $136M
- Assets at failure
- $135M
- Acquiring bank
- COMERICA BANK - TEXAS (DALLAS, TX)
Other banks COMERICA BANK - TEXAS acquired in FDIC resolutions