Bank failure · TX
First Consolidated Bank - Buda (Buda, TX) — failed October 20, 1989
First Consolidated Bank - Buda of Buda, Texas was closed on October 20, 1989 and resolved through a purchase and assumption. Austin National Bank (TX) took over its insured deposits. At failure it held $15.0M in assets and $15.2M in deposits. The FDIC's estimated loss on the failure is $5.5M (36.5% of assets).
- Closing date
- October 20, 1989
- FDIC certificate #
- 24302
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Austin National Bank
- Insurance fund
- BIF
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