Data / Bank failures / 1991 / Union Bank
Union Bank, San Antonio, TX: failed October 31, 1991
Union Bank in San Antonio, Texas, failed on October 31, 1991. Channelview Bank of Channelview, TX, took over its deposits. It held $84.9 million in assets and $85.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $8.9 million (10.5% of its assets). By assets it was the 135th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- October 31, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Channelview Bank, Channelview, TX
- Total assets
- $84,877,000
- Total deposits
- $85,239,000
- Estimated cost to the FDIC
- $8,888,682 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 15514
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 Channelview Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Washington County State Bank | Brenham | TX | December 13, 1990 | $77.7 million | $77.5 million | $9.4 million | Channelview Bank |
| Community Bank | New Caney | TX | March 22, 1990 | $42 million | $42.1 million | $7.5 million | Channelview Bank |
| Huffman Bank | Huffman | TX | February 15, 1990 | $22 million | $21.7 million | $2.8 million | Channelview Bank |
| Universal Sa | Houston | TX | March 9, 1989 | $142.1 million | $260.4 million | $290 million | Channelview Bank |
| Commercial State Bank | Houston | TX | January 12, 1989 | $49.2 million | $48.6 million | $4.8 million | Channelview Bank |
| Port City Bank | Houston | TX | January 28, 1988 | $60.7 million | $62.3 million | $13.2 million | Channelview Bank |
All bank failures in 1991 · All bank failures in Texas · Every failed bank Channelview 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.