Bank failure · TX
Preston North National Bank (Dallas, TX) — failed June 22, 1989
Preston North National Bank of Dallas, Texas was closed on June 22, 1989 and resolved through a purchase and assumption. Sequor National Bank Texas (TX) took over its insured deposits. At failure it held $6.5M in assets and $6.9M in deposits. The FDIC's estimated loss on the failure is $1.5M (23.6% of assets).
- Closing date
- June 22, 1989
- FDIC certificate #
- 24630
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Sequor National Bank Texas
- Insurance fund
- FDIC
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