Bank failure · TX
Village Green National Bank (Jersey Village, TX) — failed May 9, 1991
Village Green National Bank of Jersey Village, Texas was closed on May 9, 1991 and resolved through a insured deposit transfer. Bank of America Texas, Nati (TX) took over its insured deposits. At failure it held $29.5M in assets and $27.1M in deposits. The FDIC's estimated loss on the failure is $8.5M (28.9% of assets).
- Closing date
- May 9, 1991
- FDIC certificate #
- 25736
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Bank of America Texas, Nati
- Insurance fund
- BIF
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