UNITED BANK OF WACO, NATIONAL ASSOC Failed 1990
What happened
UNITED BANK OF WACO, NATIONAL ASSOC of WACO, TX was closed on 1990-08-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK ONE, TEXAS, NATIONAL A (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2864
- FDIC Certificate
- 18250
- FDIC FIN
- 4255
- Bank name
- UNITED BANK OF WACO, NATIONAL ASSOC
- Location
- WACO, TX
- Failure date
- 1990-08-02
- FDIC resolution date
- 1990-08-02
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $33M
- Deposits at failure
- $254M
- Assets at failure
- $250M
- Acquiring bank
- BANK ONE, TEXAS, NATIONAL A (DALLAS, TX)
Other banks BANK ONE, TEXAS, NATIONAL A acquired in FDIC resolutions