Bank failure · TX
Usbank (Denton, TX) — failed December 17, 1987
Usbank of Denton, Texas was closed on December 17, 1987 and resolved through a purchase and assumption. United National Bank (TX) took over its insured deposits. At failure it held $86.0M in assets and $84.8M in deposits. The FDIC's estimated loss on the failure is $19.6M (22.8% of assets).
- Closing date
- December 17, 1987
- FDIC certificate #
- 18679
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- United National Bank
- Insurance fund
- FDIC
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