BANK OF NORTH AMERICA Failed 1987
What happened
BANK OF NORTH AMERICA of HOUSTON, TX was closed on 1987-08-27. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to TEXAS COMMERCE BANK NA (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1504
- FDIC Certificate
- 18088
- FDIC FIN
- 5901
- Bank name
- BANK OF NORTH AMERICA
- Location
- HOUSTON, TX
- Failure date
- 1987-08-27
- FDIC resolution date
- 1987-08-27
- 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.)
- $10M
- Deposits at failure
- $31M
- Assets at failure
- $35M
- Acquiring bank
- TEXAS COMMERCE BANK NA (HOUSTON, TX)
Other banks TEXAS COMMERCE BANK NA acquired in FDIC resolutions
- UNION BANK OF HOUSTON (HOUSTON, TX) — failed 1988-12-01
- WEST HOUSTON NATIONAL BANK (HOUSTON, TX) — failed 1988-08-11
- FIRST HOUSTON BANK, N.A. (HOUSTON, TX) — failed 1988-02-11
- WESTERN BANK-NORTH WILCREST, N.A (HOUSTON, TX) — failed 1987-10-01
- WESTERN BANK-WESTWOOD, N.A. (HOUSTON, TX) — failed 1987-10-01
- MONTGOMERY COUNTY BANK, N.A. (THE WOODLANDS, TX) — failed 1987-01-29