Data / Bank failures / 1991 / Bank of the Hills
Bank of the Hills, Austin, TX: failed January 31, 1991
Bank of the Hills in Austin, Texas, failed on January 31, 1991. Team Bank of FT. Worth, TX, took over its deposits. It held $255.1 million in assets and $237.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $35.3 million (13.8% of its assets). By assets it was the 77th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- January 31, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Team Bank, FT. Worth, TX
- Total assets
- $255,108,000
- Total deposits
- $237,750,000
- Estimated cost to the FDIC
- $35,258,860 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 20579
Other bank failures in Texas, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Plaza Bank, N.A. of New Braunfels | New Braunfels | October 14, 1993 | $54.6 million | $56.9 million | $2.7 million | Texas Com Bank-New Braun |
| Tarrant Bank | Fort Worth | August 25, 1993 | $62.6 million | $59.7 million | $7.3 million | First Interstate BK of T |
| The Wolfe City National Bank | Wolfe City | July 29, 1993 | $30.4 million | $32.2 million | $4.9 million | Sulphur Springs State Ba |
| Fidelity National Bank | Houston | July 22, 1993 | $52.6 million | $50.3 million | $5.5 million | Comerica Bank Texas |
| Westheimer National Bank | Houston | July 1, 1993 | $27.9 million | $28.1 million | $8.2 million | Nationsbank of Texas NA |
| Bankcentral Amarillo | Amarillo | June 10, 1993 | $34.7 million | $34.1 million | $2.5 million | Amarillo National Bank |
| First State Bank | Vega | April 1, 1993 | $21.4 million | $20.7 million | $2.8 million | Citizens STB of Dalhart |
| United Bank, N.A. | Lancaster | March 18, 1993 | $49.8 million | $49 million | $160,905 | Kilgore First National Bank |
Other failed banks Team Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Tascosa National Bank of Amarillo | Amarillo | TX | June 13, 1991 | $73.9 million | $75.2 million | $11.8 million | Team Bank |
| North Texas Fsa | Wichita Falls | TX | July 13, 1990 | $97 million | $95.9 million | $8.2 million | Team Bank |
All bank failures in 1991 · All bank failures in Texas · Every failed bank Team Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.