Bank failure · TX
Alvord National Bank (Alvord, TX) — failed March 29, 1990
Alvord National Bank of Alvord, Texas was closed on March 29, 1990 and resolved through a purchase and assumption. The First National Bank of (TX) took over its insured deposits. At failure it held $7.6M in assets and $7.7M in deposits. The FDIC's estimated loss on the failure is $496K (6.5% of assets).
- Closing date
- March 29, 1990
- FDIC certificate #
- 3071
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First National Bank of
- Insurance fund
- BIF
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