FIRST COMMERCIAL BANK OF TEXAS, Failed 1987
What happened
FIRST COMMERCIAL BANK OF TEXAS, of HOUSTON, TX was closed on 1987-04-16. 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
- 1417
- FDIC Certificate
- 24467
- FDIC FIN
- 2678
- Bank name
- FIRST COMMERCIAL BANK OF TEXAS,
- Location
- HOUSTON, TX
- Failure date
- 1987-04-16
- FDIC resolution date
- 1987-04-16
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $5M
- Assets at failure
- $4M
- Acquiring bank
- OMNIBANC NORTH BELT NA (HARRIS COUNTY, TX)
Other banks OMNIBANC NORTH BELT NA acquired in FDIC resolutions