Bank failure · TX
Texas American Bank/Richardson (Richardson, TX) — failed July 20, 1989
Texas American Bank/Richardson of Richardson, Texas was closed on July 20, 1989 and resolved through a purchase and assumption. Texas American Bridge Bank, (TX) took over its insured deposits. At failure it held $44.5M in assets and $42.4M in deposits. The FDIC's estimated loss on the failure is $4.5M (10.2% of assets).
- Closing date
- July 20, 1989
- FDIC certificate #
- 23175
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Texas American Bridge Bank,
- Insurance fund
- FDIC
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