UNITEDBANK-HOUSTON Failed 1987
What happened
UNITEDBANK-HOUSTON of HOUSTON, TX was closed on 1987-04-30. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to AMERICAN BANK (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1426
- FDIC Certificate
- 18595
- FDIC FIN
- 6854
- Bank name
- UNITEDBANK-HOUSTON
- Location
- HOUSTON, TX
- Failure date
- 1987-04-30
- FDIC resolution date
- 1987-04-30
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $111M
- Deposits at failure
- $183M
- Assets at failure
- $217M
- Acquiring bank
- AMERICAN BANK (HOUSTON, TX)
Other banks AMERICAN BANK acquired in FDIC resolutions