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Bank failure · TX

Chas. Schreiner Bank (Kerrville, TX) — failed April 19, 1990

Chas. Schreiner Bank of Kerrville, Texas was closed on April 19, 1990 and resolved through a purchase and assumption. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $228.1M in assets and $232.5M in deposits. The FDIC's estimated loss on the failure is $38.9M (17.1% of assets).

Closing date
April 19, 1990
FDIC certificate #
17952
Resolution
Purchase and assumption (failure)
Acquiring institution
Ncnb Texas National Bank
Insurance fund
BIF

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What happens when a bank fails