Bank failure · TX
Travis Bank and Trust (Austin, TX) — failed April 20, 1989
Travis Bank and Trust of Austin, Texas was closed on April 20, 1989 and resolved through a purchase and assumption. Union National Bank of Texa (TX) took over its insured deposits. At failure it held $53.9M in assets and $52.3M in deposits. The FDIC's estimated loss on the failure is $13.3M (24.7% of assets).
- Closing date
- April 20, 1989
- FDIC certificate #
- 20053
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Union National Bank of Texa
- Insurance fund
- FDIC
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