# BANK OF THE HILLS

> **Failed bank** · AUSTIN, TX · failed 1991-01-31 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $35M

## What happened

BANK OF THE HILLS of AUSTIN, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $35M
- **Deposits at failure:** $238M
- **Assets at failure:** $255M
- **Acquiring bank:** TEAM BANK (FT. WORTH, TX)

## Other banks TEAM BANK has acquired in FDIC resolutions

- TASCOSA NATIONAL BANK OF AMARILLO (AMARILLO, TX) — failed 1991-06-13 — /failed-bank/3126
- NORTH TEXAS FSA (WICHITA FALLS, TX) — failed 1990-07-13 — /failed-bank/2846

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANK%20OF%20THE%20HILLS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF THE HILLS (FDIC ID 3003), failed 1991-01-31. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/3003.

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