The American Bank

Status:Inactive as of 07/14/1988
 Absorption - Assisted
Successor Bank:The Royall National Bank of Palestine
Headquarters:The American Bank
2121 South Loop 256
Palestine, TX 75801
Established:03/19/1980
FDIC Insurance:03/19/1980
FDIC Cert:#23082
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$20,789,000
Total Deposits:$20,360,000

History

1980-03-19Institution established: Original name:The American Bank
1988-07-14Failed. Acquired with government financial assistance and subsequently operated as part of The Royall National Bank of Palestine (3380)
1993-07-01Merged into and subsequently operated as part of The Royall National Bank of Palestine (23081) in PALESTINE, TX
1993-07-01Changed name to The Royall National Bank of Palestine (23081)
1996-09-30Merged into and subsequently operated as part of Compass Bank (27419) in HOUSTON, TX
1996-10-24Acquired ProBank (24981) in THE WOODLANDS, TX
1997-03-12Acquired Horizon Bank & Trust, SSB (32373) in AUSTIN, TX
1997-04-17Acquired Commerce National Bank (23334) in COLLEGE STATION, TX
1997-05-09Acquired River Oaks Trust Company (25802) in HOUSTON, TX
1997-07-14Acquired The Texas National Bank of Waco (5573) in WACO, TX
1997-10-06Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
1998-01-30Acquired WEST UNIVERSITY BANK, NATIONAL ASSOCIATION (22225) in HOUSTON, TX
1998-02-06Acquired Fidelity Bank, National Association (24943) in UNIVERSITY PARK, TX
1998-08-01Acquired Hill Country Bank (27492) in AUSTIN, TX
1998-10-23Merged into and subsequently operated as part of Compass Bank (19048) in BIRMINGHAM, AL
1999-08-26Acquired Arizona Bank (18775) in TUCSON, AZ
1999-10-21Acquired Hartland Bank, National Association (24189) in AUSTIN, TX
2000-01-14Acquired Western Bank (20444) in ALBUQUERQUE, NM
2000-04-04Acquired COMPASS BANK-CO (24899) in ENGLEWOOD, CO
2000-07-18Acquired Founders Bank of Arizona (26739) in SCOTTSDALE, AZ
2001-01-05Acquired FirsTier Bank (21690) in NORTHGLENN, CO
2001-01-05Acquired Firstate Bank (17994) in KIMBALL, NE
2006-03-25Acquired TexasBank (15832) in FORT WORTH, TX
2008-03-13Acquired State National Bank (34336) in FORT WORTH, TX
2008-03-13Acquired Texas State Bank (23346) in MCALLEN, TX
2008-03-13Acquired The Laredo National Bank (3297) in LAREDO, TX
2009-08-21Acquired Guaranty Bank (32618) in AUSTIN, TX as part of a government assisted transaction.
2009-09-11Acquired Central Bank of the South (20024) in ANNISTON, AL
2009-09-11Acquired BBVA Bancomer USA (18255) in DIAMOND BAR, CA
2019-06-10Changed name to BBVA USA (19048)