Bank failure · TX
First National Bank of Cedar Park (Cedar Park, TX) — failed January 19, 1989
First National Bank of Cedar Park of Cedar Park, Texas was closed on January 19, 1989 and resolved through a purchase and assumption. Union National Bank of Texa (TX) took over its insured deposits. At failure it held $18.6M in assets and $18.9M in deposits. The FDIC's estimated loss on the failure is $6.9M (37.2% of assets).
- Closing date
- January 19, 1989
- FDIC certificate #
- 23350
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Union National Bank of Texa
- Insurance fund
- FDIC
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