SOUTHSIDE NATIONAL BANK Failed 1992
What happened
SOUTHSIDE NATIONAL BANK of NACOGDOCHES, TX was closed on 1992-03-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FREDONIA STATE BANK (NACOGDOCHES, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3292
- FDIC Certificate
- 23633
- FDIC FIN
- 4463
- Bank name
- SOUTHSIDE NATIONAL BANK
- Location
- NACOGDOCHES, TX
- Failure date
- 1992-03-19
- FDIC resolution date
- 1992-03-19
- 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
- $12M
- Assets at failure
- $12M
- Acquiring bank
- FREDONIA STATE BANK (NACOGDOCHES, TX)
Other banks FREDONIA STATE BANK acquired in FDIC resolutions