Bank failure · TX
American Federal Savings Bank (Austin, TX) — failed April 6, 1989
American Federal Savings Bank of Austin, Texas was closed on April 6, 1989 and resolved through a insured deposit transfer. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $33.5M in assets and $31.7M in deposits. The FDIC's estimated loss on the failure is $14.1M (42.2% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 32268
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Ncnb Texas National Bank
- Insurance fund
- RTC
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