Bank Failure
American National Bank - Post Oak
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Closed June 25, 1992 · Houston, TX · FDIC Cert #26420.
- Closing date
- June 25, 1992
- Headquarters
- Houston, TX
- FDIC Certificate
- 26420
- Total assets at closing
- $24.7M
- Total deposits at closing
- $25.1M
- Estimated loss to the insurance fund
- $4.5M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First Prosperity Bank
Context
On June 25, 1992, regulators closed American National Bank - Post Oak, headquartered in Houston, TX. At closing, the institution held approximately $24.7M in assets and $25.1M in deposits. The FDIC record names First Prosperity Bank as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $4.5M.
By assets at closing this is the 2184th largest of the 3,526 bank failures in the FDIC record, and the 154th of 179 in 1992. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did American National Bank - Post Oak fail?
American National Bank - Post Oak was closed by regulators on June 25, 1992.
Who acquired American National Bank - Post Oak?
The FDIC record names First Prosperity Bank as the acquiring institution in the resolution of American National Bank - Post Oak.
How big was American National Bank - Post Oak when it failed?
American National Bank - Post Oak had approximately $24.7M in total assets and $25.1M in deposits at the time of failure.
Other failures in 1992
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 1992 | The Rushville National Bank | $41.6M |
| Dec 18, 1992 | The Bremen State Bank | $2.7M |
| Dec 11, 1992 | Meritor Savings Bank | $4.13B |
| Dec 11, 1992 | Eastland Savings Bank | $515.3M |
| Dec 11, 1992 | Eastland Bank | $85.4M |
| Dec 11, 1992 | Sailors & Merchants B&T Co. | $34.8M |
| Dec 8, 1992 | Palm Beach FSA | $59.4M |
| Dec 4, 1992 | Carteret FSB | $4.83B |
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