TEXAS INVESTMENT BANK, N.A. Failed 1987
What happened
TEXAS INVESTMENT BANK, N.A. of HOUSTON, TX was closed on 1987-05-21. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to RIVER OAKS BANK (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1440
- FDIC Certificate
- 20792
- FDIC FIN
- 5866
- Bank name
- TEXAS INVESTMENT BANK, N.A.
- Location
- HOUSTON, TX
- Failure date
- 1987-05-21
- FDIC resolution date
- 1987-05-21
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $15M
- Assets at failure
- $17M
- Acquiring bank
- RIVER OAKS BANK (HOUSTON, TX)