# RIVERSIDE NATIONAL BANK OF HOUSTON

> **Failed bank** · HOUSTON, TX · failed 1985-08-01 · National commercial bank (OCC-chartered) · FDIC cost $4M

## What happened

RIVERSIDE NATIONAL BANK OF HOUSTON of HOUSTON, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $17M
- **Assets at failure:** $18M
- **Acquiring bank:** PEOPLES BANK NATIONAL AS (HOUSTON, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=RIVERSIDE%20NATIONAL%20BANK%20OF%20HOUSTON

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, RIVERSIDE NATIONAL BANK OF HOUSTON (FDIC ID 1040), failed 1985-08-01. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1040.

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