UNITED CITIZENS BANK, NATIONAL ASSOC Failed 1991
What happened
UNITED CITIZENS BANK, NATIONAL ASSOC of COLLEGE STATION, TX was closed on 1991-02-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST AMERICAN BANK (BRYAN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3024
- FDIC Certificate
- 17806
- FDIC FIN
- 4327
- Bank name
- UNITED CITIZENS BANK, NATIONAL ASSOC
- Location
- COLLEGE STATION, TX
- Failure date
- 1991-02-28
- FDIC resolution date
- 1991-02-28
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $10M
- Deposits at failure
- $47M
- Assets at failure
- $45M
- Acquiring bank
- FIRST AMERICAN BANK (BRYAN, TX)
Other banks FIRST AMERICAN BANK acquired in FDIC resolutions