Bank failure · TX
Signature Bank, National Association (Dallas, TX) — failed April 26, 1990
Signature Bank, National Association of Dallas, Texas was closed on April 26, 1990 and resolved through a purchase and assumption. Compass Bank-Plano (TX) took over its insured deposits. At failure it held $26.8M in assets and $27.4M in deposits. The FDIC's estimated loss on the failure is $1.6M (6.1% of assets).
- Closing date
- April 26, 1990
- FDIC certificate #
- 24666
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Compass Bank-Plano
- Insurance fund
- BIF
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