ALVARADO NATIONAL BANK Failed 1991
What happened
ALVARADO NATIONAL BANK of ALVARADO, TX was closed on 1991-11-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE FIRST NATIONAL BANK IN (JOSHUA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3236
- FDIC Certificate
- 25898
- FDIC FIN
- 4425
- Bank name
- ALVARADO NATIONAL BANK
- Location
- ALVARADO, TX
- Failure date
- 1991-11-14
- FDIC resolution date
- 1991-11-14
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $9M
- Assets at failure
- $9M
- Acquiring bank
- THE FIRST NATIONAL BANK IN (JOSHUA, TX)
Other banks THE FIRST NATIONAL BANK IN acquired in FDIC resolutions