RIVERSIDE NATIONAL BANK OF HOUSTON Failed 1985
What happened
RIVERSIDE NATIONAL BANK OF HOUSTON of HOUSTON, TX was closed on 1985-08-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PEOPLES BANK NATIONAL AS (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1040
- FDIC Certificate
- 18862
- FDIC FIN
- 2491
- Bank name
- RIVERSIDE NATIONAL BANK OF HOUSTON
- Location
- HOUSTON, TX
- Failure date
- 1985-08-01
- FDIC resolution date
- 1985-08-01
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $17M
- Assets at failure
- $18M
- Acquiring bank
- PEOPLES BANK NATIONAL AS (HOUSTON, TX)