Bank failure · TX
Brushy Creek National Bank (Round Rock, TX) — failed July 27, 1989
Brushy Creek National Bank of Round Rock, Texas was closed on July 27, 1989 and resolved through a purchase and assumption. Union National Bank, Austin (TX) took over its insured deposits. At failure it held $9.8M in assets and $10.3M in deposits. The FDIC's estimated loss on the failure is $2.5M (25.5% of assets).
- Closing date
- July 27, 1989
- FDIC certificate #
- 26182
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Union National Bank, Austin
- Insurance fund
- FDIC
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