Bank failure · TX
Park Forty-Five National Bank (Spring, TX) — failed August 4, 1989
Park Forty-Five National Bank of Spring, Texas was closed on August 4, 1989 and resolved through a insured deposit transfer. Klein Bank (TX) took over its insured deposits. At failure it held $22.0M in assets and $22.2M in deposits. The FDIC's estimated loss on the failure is $10.3M (46.9% of assets).
- Closing date
- August 4, 1989
- FDIC certificate #
- 25871
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Klein Bank
- Insurance fund
- FDIC
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