Bank failure · TX
United Bank of Waco, National Assoc (Waco, TX) — failed August 2, 1990
United Bank of Waco, National Assoc of Waco, Texas was closed on August 2, 1990 and resolved through a purchase and assumption. Bank One, Texas, National a (TX) took over its insured deposits. At failure it held $250.0M in assets and $254.2M in deposits. The FDIC's estimated loss on the failure is $33.1M (13.2% of assets).
- Closing date
- August 2, 1990
- FDIC certificate #
- 18250
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank One, Texas, National a
- Insurance fund
- BIF
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