Bank failure · TX
Greater Texas Bank North, NA (Austin, TX) — failed November 30, 1989
Greater Texas Bank North, NA of Austin, Texas was closed on November 30, 1989 and resolved through a purchase and assumption. Hibernia National Bank in T (TX) took over its insured deposits. At failure it held $22.7M in assets and $26.3M in deposits. The FDIC's estimated loss on the failure is $11.2M (49.5% of assets).
- Closing date
- November 30, 1989
- FDIC certificate #
- 25676
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hibernia National Bank in T
- Insurance fund
- BIF
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