THE SAN SABA NATIONAL BANK Failed 1991
What happened
THE SAN SABA NATIONAL BANK of SAN SABA, TX was closed on 1991-08-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST LLANO BANK (LLANO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3171
- FDIC Certificate
- 5519
- FDIC FIN
- 4390
- Bank name
- THE SAN SABA NATIONAL BANK
- Location
- SAN SABA, TX
- Failure date
- 1991-08-29
- FDIC resolution date
- 1991-08-29
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $15M
- Assets at failure
- $16M
- Acquiring bank
- FIRST LLANO BANK (LLANO, TX)