BANK OF THE HILLS Failed 1991
What happened
BANK OF THE HILLS of AUSTIN, TX was closed on 1991-01-31. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEAM BANK (FT. WORTH, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3003
- FDIC Certificate
- 20579
- FDIC FIN
- 4317
- Bank name
- BANK OF THE HILLS
- Location
- AUSTIN, TX
- Failure date
- 1991-01-31
- FDIC resolution date
- 1991-01-31
- 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.)
- $35M
- Deposits at failure
- $238M
- Assets at failure
- $255M
- Acquiring bank
- TEAM BANK (FT. WORTH, TX)
Other banks TEAM BANK acquired in FDIC resolutions