VILLAGE GREEN NATIONAL BANK Failed 1991

What happened

VILLAGE GREEN NATIONAL BANK of JERSEY VILLAGE, TX was closed on 1991-05-09. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to BANK OF AMERICA TEXAS, NATI (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3091

FDIC Certificate

25736

FDIC FIN

4348

Bank name

VILLAGE GREEN NATIONAL BANK

Location

JERSEY VILLAGE, TX

Failure date

1991-05-09

FDIC resolution date

1991-05-09

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$9M

Deposits at failure

$27M

Assets at failure

$29M

Acquiring bank

BANK OF AMERICA TEXAS, NATI (HOUSTON, TX)