Bank failure · TX
First American Bank (San Antonio, TX) — failed June 8, 1989
First American Bank of San Antonio, Texas was closed on June 8, 1989 and resolved through a insured deposit transfer. Jourdanton State Bank (TX) took over its insured deposits. At failure it held $13.3M in assets and $13.6M in deposits. The FDIC's estimated loss on the failure is $3.1M (23.1% of assets).
- Closing date
- June 8, 1989
- FDIC certificate #
- 26547
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Jourdanton State Bank
- Insurance fund
- FDIC
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