Bank failure · TX
Bancfirst-Austin, N.A. (Austin, TX) — failed December 10, 1987
Bancfirst-Austin, N.A. of Austin, Texas was closed on December 10, 1987 and resolved through a purchase and assumption. Texas Capital Bank-Fort (TX) took over its insured deposits. At failure it held $25.3M in assets and $28.0M in deposits. The FDIC's estimated loss on the failure is $14.1M (55.7% of assets).
- Closing date
- December 10, 1987
- FDIC certificate #
- 24703
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Texas Capital Bank-Fort
- Insurance fund
- FDIC
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