Bank failure · TX
Mbank Abilene, National Association (Abilene, TX) — failed March 28, 1989
Mbank Abilene, National Association of Abilene, Texas was closed on March 28, 1989 and resolved through a insured deposit transfer. Bank One, Texas, N.A. (TX) took over its insured deposits. At failure it held $199.0M in assets and $213.2M in deposits. The FDIC's estimated loss on the failure is $73.3M (36.8% of assets).
- Closing date
- March 28, 1989
- FDIC certificate #
- 19019
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Bank One, Texas, N.A.
- Insurance fund
- FDIC
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