Bank failure · TX
Nbc Bank-Austin, National Assoc (Austin, TX) — failed June 1, 1990
Nbc Bank-Austin, National Assoc of Austin, Texas was closed on June 1, 1990 and resolved through a purchase and assumption. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $33.8M in assets and $41.8M in deposits. The FDIC's estimated loss on the failure is $5.8M (17.1% of assets).
- Closing date
- June 1, 1990
- FDIC certificate #
- 22404
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Ncnb Texas National Bank
- Insurance fund
- BIF
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