Bank failure · TX
Continental National Bank (San Antonio, TX) — failed April 20, 1989
Continental National Bank of San Antonio, Texas was closed on April 20, 1989 and resolved through a purchase and assumption. Citizens State Bank of Luli (TX) took over its insured deposits. At failure it held $12.2M in assets and $12.6M in deposits. The FDIC's estimated loss on the failure is $3.4M (27.6% of assets).
- Closing date
- April 20, 1989
- FDIC certificate #
- 22099
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens State Bank of Luli
- Insurance fund
- FDIC
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