Bank failure · TX
Centre National Bank-Farmers Branch (Farmers Branch, TX) — failed June 21, 1990
Centre National Bank-Farmers Branch of Farmers Branch, Texas was closed on June 21, 1990 and resolved through a purchase and assumption. Hibernia National Bank in T (TX) took over its insured deposits. At failure it held $39.7M in assets and $39.2M in deposits. The FDIC's estimated loss on the failure is $5.2M (13.0% of assets).
- Closing date
- June 21, 1990
- FDIC certificate #
- 25089
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hibernia National Bank in T
- Insurance fund
- BIF
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