Bank failure · TX
Park Central Bank, National Assoc (Fort Worth, TX) — failed August 24, 1989
Park Central Bank, National Assoc of Fort Worth, Texas was closed on August 24, 1989 and resolved through a insured deposit transfer. Colonial National Bank (TX) took over its insured deposits. At failure it held $11.9M in assets and $15.2M in deposits. The FDIC's estimated loss on the failure is $5.4M (46.0% of assets).
- Closing date
- August 24, 1989
- FDIC certificate #
- 26319
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Colonial National Bank
- Insurance fund
- BIF
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