Bank failure · TX
Alliance Bank, National Association (Austin, TX) — failed June 14, 1990
Alliance Bank, National Association of Austin, Texas was closed on June 14, 1990 and resolved through a purchase and assumption. Hibernia National Bank in T (TX) took over its insured deposits. At failure it held $81.1M in assets and $85.5M in deposits. The FDIC's estimated loss on the failure is $14.2M (17.6% of assets).
- Closing date
- June 14, 1990
- FDIC certificate #
- 24349
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hibernia National Bank in T
- Insurance fund
- BIF
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