Bank failure · TX
Alvarado National Bank (Alvarado, TX) — failed November 14, 1991
Alvarado National Bank of Alvarado, Texas was closed on November 14, 1991 and resolved through a purchase and assumption. The First National Bank in (TX) took over its insured deposits. At failure it held $9.2M in assets and $9.5M in deposits. The FDIC's estimated loss on the failure is $2.8M (30.9% of assets).
- Closing date
- November 14, 1991
- FDIC certificate #
- 25898
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First National Bank in
- Insurance fund
- BIF
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