Bank Failure
Centre National Bank-Farmers Branch
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Closed June 21, 1990 · Farmers Branch, TX · FDIC Cert #25089.
- Closing date
- June 21, 1990
- Headquarters
- Farmers Branch, TX
- FDIC Certificate
- 25089
- Total assets at closing
- $39.7M
- Total deposits at closing
- $39.2M
- Estimated loss to the insurance fund
- $5.2M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Hibernia National Bank in T
Context
On June 21, 1990, regulators closed Centre National Bank-Farmers Branch, headquartered in Farmers Branch, TX. At closing, the institution held approximately $39.7M in assets and $39.2M in deposits. The FDIC record names Hibernia National Bank in T as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $5.2M.
By assets at closing this is the 1820th largest of the 3,526 bank failures in the FDIC record, and the 246th of 381 in 1990. 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 Centre National Bank-Farmers Branch fail?
Centre National Bank-Farmers Branch was closed by regulators on June 21, 1990.
Who acquired Centre National Bank-Farmers Branch?
The FDIC record names Hibernia National Bank in T as the acquiring institution in the resolution of Centre National Bank-Farmers Branch.
How big was Centre National Bank-Farmers Branch when it failed?
Centre National Bank-Farmers Branch had approximately $39.7M in total assets and $39.2M in deposits at the time of failure.
Other failures in 1990
| Date | Bank | Assets |
|---|---|---|
| Dec 28, 1990 | Capitol Bank and Trust Company | $485.6M |
| Dec 28, 1990 | Southern FS | $230.8M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Dec 27, 1990 | Enterprise Savings Bank, F.A. | $432.6M |
| Dec 21, 1990 | Arkansas FSB | $71.7M |
| Dec 15, 1990 | Mid-America FS & La | $1.21B |
| Dec 14, 1990 | Community FS & La | $1.98B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
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