# STEEPLECHASE NATIONAL BANK

> **Failed bank** · HOUSTON, TX · failed 1987-09-17 · National commercial bank (OCC-chartered) · FDIC cost $4M

## What happened

STEEPLECHASE NATIONAL BANK of HOUSTON, TX was closed by the OCC on **1987-09-17**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **CYPRESS NATIONAL BANK** (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1516
- **FDIC Certificate:** 25735
- **FDIC FIN:** 2728
- **Bank name:** STEEPLECHASE NATIONAL BANK
- **Location:** HOUSTON, TX
- **Failure date:** 1987-09-17
- **FDIC resolution date:** 1987-09-17
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $14M
- **Assets at failure:** $16M
- **Acquiring bank:** CYPRESS NATIONAL BANK (HOUSTON, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, STEEPLECHASE NATIONAL BANK (FDIC ID 1516), failed 1987-09-17. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1516.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*