Bank failure · TX

American Bank of Arlington (Arlington, TX) — failed March 22, 1990

American Bank of Arlington of Arlington, Texas was closed on March 22, 1990 and resolved through a purchase and assumption. Banc One, Texas, National a (TX) took over its insured deposits. At failure it held $28.3M in assets and $28.8M in deposits. The FDIC's estimated loss on the failure is $4.4M (15.5% of assets).