Bank failure · TX
Clifton National Bank (Clifton, TX) — failed June 7, 1990
Clifton National Bank of Clifton, Texas was closed on June 7, 1990 and resolved through a purchase and assumption. First National Bank in Vall (TX) took over its insured deposits. At failure it held $12.1M in assets and $12.2M in deposits. The FDIC's estimated loss on the failure is $1.6M (13.4% of assets).
- Closing date
- June 7, 1990
- FDIC certificate #
- 25300
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First National Bank in Vall
- Insurance fund
- BIF
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