SECURITY NATIONAL BANK Failed 1990
What happened
SECURITY NATIONAL BANK of AUSTIN, TX was closed on 1990-08-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to LIBERTY NATIONAL BANK (AUSTIN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2885
- FDIC Certificate
- 24293
- FDIC FIN
- 4263
- Bank name
- SECURITY NATIONAL BANK
- Location
- AUSTIN, TX
- Failure date
- 1990-08-30
- FDIC resolution date
- 1990-08-30
- 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
- $16M
- Assets at failure
- $15M
- Acquiring bank
- LIBERTY NATIONAL BANK (AUSTIN, TX)