Bank failure · TX
Texas National Bank (El Paso, TX) — failed June 7, 1990
Texas National Bank of El Paso, Texas was closed on June 7, 1990 and resolved through a purchase and assumption. Texas Commerce Bank - El Pa (TX) took over its insured deposits. At failure it held $131.8M in assets and $131.7M in deposits. The FDIC's estimated loss on the failure is $6.3M (4.8% of assets).
- Closing date
- June 7, 1990
- FDIC certificate #
- 24724
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Texas Commerce Bank - El Pa
- Insurance fund
- BIF
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