Bank Failure
University National Bank of College Statio
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Closed March 8, 1990 · College Station, TX · FDIC Cert #16457.
- Closing date
- March 8, 1990
- Headquarters
- College Station, TX
- FDIC Certificate
- 16457
- Total assets at closing
- $36.3M
- Total deposits at closing
- $39.5M
- Estimated loss to the insurance fund
- $11.7M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First American Bank
Context
On March 8, 1990, regulators closed University National Bank of College Statio, headquartered in College Station, TX. At closing, the institution held approximately $36.3M in assets and $39.5M in deposits. The FDIC record names First American Bank as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $11.7M.
By assets at closing this is the 1886th largest of the 3,526 bank failures in the FDIC record, and the 253rd 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 University National Bank of College Statio fail?
University National Bank of College Statio was closed by regulators on March 8, 1990.
Who acquired University National Bank of College Statio?
The FDIC record names First American Bank as the acquiring institution in the resolution of University National Bank of College Statio.
How big was University National Bank of College Statio when it failed?
University National Bank of College Statio had approximately $36.3M in total assets and $39.5M 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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