UNITED BANK, N.A. Failed 1993

What happened

UNITED BANK, N.A. of LANCASTER, TX was closed on 1993-03-18. The FDIC was named receiver.

Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to KILGORE FIRST NATIONAL BANK (KILGORE, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3443

FDIC Certificate

3295

FDIC FIN

4567

Bank name

UNITED BANK, N.A.

Location

LANCASTER, TX

Failure date

1993-03-18

FDIC resolution date

1993-03-18

Charter type

National commercial bank (OCC-chartered)

Resolution type

Payout / Insured deposits — FDIC paid insured deposits directly to depositors

FDIC DIF cost (est.)

$0M

Deposits at failure

$49M

Assets at failure

$50M

Acquiring bank

KILGORE FIRST NATIONAL BANK (KILGORE, TX)