AMERICAN BANK, NATIONAL ASSOCIATION Failed 1991
What happened
AMERICAN BANK, NATIONAL ASSOCIATION of RIO RANCHO, NM was closed on 1991-01-22. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to UNITED NEW MEXICO BANK AT A (ALBUQUERQUE, NM). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2995
- FDIC Certificate
- 23221
- FDIC FIN
- 4313
- Bank name
- AMERICAN BANK, NATIONAL ASSOCIATION
- Location
- RIO RANCHO, NM
- Failure date
- 1991-01-22
- FDIC resolution date
- 1991-01-22
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $23M
- Assets at failure
- $21M
- Acquiring bank
- UNITED NEW MEXICO BANK AT A (ALBUQUERQUE, NM)
Other banks UNITED NEW MEXICO BANK AT A acquired in FDIC resolutions