Bank Failure
Greater Texas Bank North, N.A.
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Closed November 30, 1989 · Austin, TX · FDIC Cert #25676.
- Closing date
- November 30, 1989
- Headquarters
- Austin, TX
- FDIC Certificate
- 25676
- Total assets at closing
- $22.7M
- Total deposits at closing
- $26.3M
- Estimated loss to the insurance fund
- $11.2M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Hibernia National Bank in T
Context
On November 30, 1989, regulators closed Greater Texas Bank North, N.A., headquartered in Austin, TX. At closing, the institution held approximately $22.7M in assets and $26.3M 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 $11.2M.
By assets at closing this is the 2248th largest of the 3,526 bank failures in the FDIC record, and the 426th of 530 in 1989. 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 Greater Texas Bank North, N.A. fail?
Greater Texas Bank North, N.A. was closed by regulators on November 30, 1989.
Who acquired Greater Texas Bank North, N.A.?
The FDIC record names Hibernia National Bank in T as the acquiring institution in the resolution of Greater Texas Bank North, N.A.
How big was Greater Texas Bank North, N.A. when it failed?
Greater Texas Bank North, N.A. had approximately $22.7M in total assets and $26.3M in deposits at the time of failure.
Other failures in 1989
| Date | Bank | Assets |
|---|---|---|
| Dec 21, 1989 | Columbia FSA | $77.1M |
| Dec 21, 1989 | Silver Savings Assoc. | $32.2M |
| Dec 20, 1989 | First City National Bank and Trust | $39.5M |
| Dec 20, 1989 | United Community Bank | $32.3M |
| Dec 15, 1989 | First American Bank and Trust | $1.38B |
| Dec 14, 1989 | Yorkridge-Calvert Federal Savings | $585.8M |
| Dec 14, 1989 | Louisiana Savings Assn. | $449.3M |
| Dec 14, 1989 | First Acadiana Bank | $46.8M |
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