Bank failure · TX

Union Bank (San Antonio, TX) — failed October 31, 1991

Union Bank of San Antonio, Texas was closed on October 31, 1991 and resolved through a purchase and assumption. Channelview Bank (TX) took over its insured deposits. At failure it held $84.9M in assets and $85.2M in deposits. The FDIC's estimated loss on the failure is $8.9M (10.5% of assets).