GREAT WESTERN NATIONAL BANK Failed 1990

What happened

GREAT WESTERN NATIONAL BANK of LEWISVILLE, TX was closed on 1990-09-27. The FDIC was named receiver.

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

Deposits were transferred to FIRST WESTERN NATIONAL BANK (CARROLLTON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2913

FDIC Certificate

27042

FDIC FIN

4280

Bank name

GREAT WESTERN NATIONAL BANK

Location

LEWISVILLE, TX

Failure date

1990-09-27

FDIC resolution date

1990-09-27

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

$13M

Assets at failure

$13M

Acquiring bank

FIRST WESTERN NATIONAL BANK (CARROLLTON, TX)