Bank failure · TX
Security National Bank (Austin, TX) — failed August 30, 1990
Security National Bank of Austin, Texas was closed on August 30, 1990 and resolved through a purchase and assumption. Liberty National Bank (TX) took over its insured deposits. At failure it held $15.1M in assets and $15.8M in deposits. The FDIC's estimated loss on the failure is $2.2M (14.7% of assets).
- Closing date
- August 30, 1990
- FDIC certificate #
- 24293
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Liberty National Bank
- Insurance fund
- BIF
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