THE SOUTHWESTERN BANK, N.A. Failed 1987
What happened
THE SOUTHWESTERN BANK, N.A. of HOUSTON, TX was closed on 1987-04-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to OMNIBANC NORTH BELT NA (HARRIS COUNTY, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1411
- FDIC Certificate
- 24791
- FDIC FIN
- 2672
- Bank name
- THE SOUTHWESTERN BANK, N.A.
- Location
- HOUSTON, TX
- Failure date
- 1987-04-09
- FDIC resolution date
- 1987-04-09
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $15M
- Assets at failure
- $15M
- Acquiring bank
- OMNIBANC NORTH BELT NA (HARRIS COUNTY, TX)
Other banks OMNIBANC NORTH BELT NA acquired in FDIC resolutions