FIRST NATIONAL BANK OF KENNEDALE Failed 1990
What happened
FIRST NATIONAL BANK OF KENNEDALE of KENNEDALE, TX was closed on 1990-09-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTRAL BANK AND TRUST (FORT WORTH, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2900
- FDIC Certificate
- 26686
- FDIC FIN
- 4270
- Bank name
- FIRST NATIONAL BANK OF KENNEDALE
- Location
- KENNEDALE, TX
- Failure date
- 1990-09-13
- FDIC resolution date
- 1990-09-13
- 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
- $28M
- Assets at failure
- $27M
- Acquiring bank
- CENTRAL BANK AND TRUST (FORT WORTH, TX)
Other banks CENTRAL BANK AND TRUST acquired in FDIC resolutions