Bank failure · TX
The Central National Bank of San Angelo (San Angelo, TX) — failed March 22, 1990
The Central National Bank of San Angelo of San Angelo, Texas was closed on March 22, 1990 and resolved through a purchase and assumption. First National Bank at Lubb (TX) took over its insured deposits. At failure it held $147.4M in assets and $148.2M in deposits. The FDIC's estimated loss on the failure is $45.1M (30.6% of assets).
- Closing date
- March 22, 1990
- FDIC certificate #
- 5507
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First National Bank at Lubb
- Insurance fund
- BIF
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