MONTGOMERY COUNTY BANK, N.A. Failed 1987
What happened
MONTGOMERY COUNTY BANK, N.A. of THE WOODLANDS, TX was closed on 1987-01-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS COMMERCE BANK NA (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1352
- FDIC Certificate
- 20694
- FDIC FIN
- 2640
- Bank name
- MONTGOMERY COUNTY BANK, N.A.
- Location
- THE WOODLANDS, TX
- Failure date
- 1987-01-29
- FDIC resolution date
- 1987-01-29
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $48M
- Assets at failure
- $48M
- Acquiring bank
- TEXAS COMMERCE BANK NA (HOUSTON, TX)
Other banks TEXAS COMMERCE BANK NA acquired in FDIC resolutions