NORTHSHORE BANK Failed 1985

HOUSTON, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

NORTHSHORE BANK of HOUSTON, TX was closed on 1985-11-08. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to BANK OF WOODFOREST (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1096
FDIC Certificate
18859
FDIC FIN
2513
Bank name
NORTHSHORE BANK
Location
HOUSTON, TX
Failure date
1985-11-08
FDIC resolution date
1985-11-08
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$12M
Deposits at failure
$43M
Assets at failure
$47M
Acquiring bank
BANK OF WOODFOREST (HOUSTON, TX)