Bank failure · TX

Texas National Bank (Austin, TX) — failed April 21, 1988

Texas National Bank of Austin, Texas was closed on April 21, 1988 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $18.5M in assets and $20.2M in deposits. The FDIC's estimated loss on the failure is $8.2M (44.6% of assets).