TellerScore

Bank failure · TX

Nbc Bank-San Antonio, National Assoc (San Antonio, TX) — failed June 1, 1990

Nbc Bank-San Antonio, National Assoc of San Antonio, 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 $938.2M in assets and $877.6M in deposits. The FDIC's estimated loss on the failure is $66.1M (7.0% of assets).

Closing date
June 1, 1990
FDIC certificate #
5512
Resolution
Purchase and assumption (failure)
Acquiring institution
Ncnb Texas National Bank
Insurance fund
BIF

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What happens when a bank fails