Bank failure · TX
North Central National Bank (Austin, TX) — failed April 23, 1987
North Central National Bank of Austin, Texas was closed on April 23, 1987 and resolved through a insured deposit transfer. Greater Texas Bank North (TX) took over its insured deposits. At failure it held $23.4M in assets and $23.1M in deposits. The FDIC's estimated loss on the failure is $11.5M (49.0% of assets).
- Closing date
- April 23, 1987
- FDIC certificate #
- 26201
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Greater Texas Bank North
- Insurance fund
- FDIC
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