Bank failure · TX

American National Bank - Post Oak (Houston, TX) — failed June 25, 1992

American National Bank - Post Oak of Houston, Texas was closed on June 25, 1992 and resolved through a purchase and assumption (insured deposits). First Prosperity Bank (TX) took over its insured deposits. At failure it held $24.7M in assets and $25.1M in deposits. The FDIC's estimated loss on the failure is $4.5M (18.0% of assets).