BANK OF ARLINGTON Failed 1990
What happened
BANK OF ARLINGTON of ARLINGTON, TX was closed on 1990-11-29. 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
- 2944
- FDIC Certificate
- 18851
- FDIC FIN
- 4295
- Bank name
- BANK OF ARLINGTON
- Location
- ARLINGTON, TX
- Failure date
- 1990-11-29
- FDIC resolution date
- 1990-11-29
- 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.)
- $5M
- Deposits at failure
- $60M
- Assets at failure
- $64M
- Acquiring bank
- BANK ONE, TEXAS, NATIONAL A (DALLAS, TX)
Other banks BANK ONE, TEXAS, NATIONAL A acquired in FDIC resolutions