Bank failure · TX
Heritage National Bank (Austin, TX) — failed December 10, 1987
Heritage National Bank of Austin, Texas was closed on December 10, 1987 and resolved through a purchase and assumption. Community National Bank (TX) took over its insured deposits. At failure it held $53.2M in assets and $51.0M in deposits. The FDIC's estimated loss on the failure is $19.5M (36.6% of assets).
- Closing date
- December 10, 1987
- FDIC certificate #
- 25000
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Community National Bank
- Insurance fund
- FDIC
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