Bank failure · TX
Sealy National Bank (Sealy, TX) — failed March 5, 1987
Sealy National Bank of Sealy, Texas was closed on March 5, 1987 and resolved through a purchase and assumption. Austin County State Bank (TX) took over its insured deposits. At failure it held $7.7M in assets and $7.6M in deposits. The FDIC's estimated loss on the failure is $2.2M (28.2% of assets).
- Closing date
- March 5, 1987
- FDIC certificate #
- 25326
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Austin County State Bank
- Insurance fund
- FDIC
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