Bank failure · TX

Bank of the Hills (Austin, TX) — failed January 31, 1991

Bank of the Hills of Austin, Texas was closed on January 31, 1991 and resolved through a purchase and assumption. Team Bank (TX) took over its insured deposits. At failure it held $255.1M in assets and $237.8M in deposits. The FDIC's estimated loss on the failure is $35.3M (13.8% of assets).