Community National Bank

Status:Inactive as of 04/18/1991
 Absorption - Assisted
Successor Bank:American Bank of Sherman
Headquarters:Community National Bank
600 Taylor Street
Sherman, TX 75090
Established:04/30/1984
FDIC Insurance:04/30/1984
FDIC Cert:#25120
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Total Assets:$19,048,000
Total Deposits:$18,929,000

History

1984-04-30Institution established: Original name:Community National Bank
1991-04-18Failed. Acquired with government financial assistance and subsequently operated as part of American Bank of Sherman, National Association (18904)
1993-04-01Merged into and subsequently operated as part of American Bank of Texas (20473) in SHERMAN, TX
1993-04-01Changed name to American Bank of Texas (20473)
1994-12-31Acquired The Leonard National Bank (3298) in LEONARD, TX
1994-12-31Acquired Grayson County State Bank (15365) in SHERMAN, TX
1994-12-31Acquired American National Bank of Pottsboro (23939) in POTTSBORO, TX
2012-03-30Acquired American Bank of Texas, National Association (23433) in MARBLE FALLS, TX
2016-11-10Merged into and subsequently operated as part of First United Bank and Trust Company (4239) in DURANT, OK