# BANK OF NORTH AMERICA

> **Failed bank** · HOUSTON, TX · failed 1987-08-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $10M

## What happened

BANK OF NORTH AMERICA of HOUSTON, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $10M
- **Deposits at failure:** $31M
- **Assets at failure:** $35M
- **Acquiring bank:** TEXAS COMMERCE BANK NA (HOUSTON, TX)

## Other banks TEXAS COMMERCE BANK NA has acquired in FDIC resolutions

- UNION BANK OF HOUSTON (HOUSTON, TX) — failed 1988-12-01 — /failed-bank/1987
- WEST HOUSTON NATIONAL BANK (HOUSTON, TX) — failed 1988-08-11 — /failed-bank/1854
- FIRST HOUSTON BANK, N.A. (HOUSTON, TX) — failed 1988-02-11 — /failed-bank/1624
- WESTERN BANK-NORTH WILCREST, N.A (HOUSTON, TX) — failed 1987-10-01 — /failed-bank/1530
- WESTERN BANK-WESTWOOD, N.A. (HOUSTON, TX) — failed 1987-10-01 — /failed-bank/1529
- MONTGOMERY COUNTY BANK, N.A. (THE WOODLANDS, TX) — failed 1987-01-29 — /failed-bank/1352

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANK%20OF%20NORTH%20AMERICA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF NORTH AMERICA (FDIC ID 1504), failed 1987-08-27. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1504.

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