SAM HOUSTON NAT'L BANK OF WALKER Failed 1988
What happened
SAM HOUSTON NAT'L BANK OF WALKER of HUNTSVILLE, TX was closed on 1988-01-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HUNTSVILLE NATIONAL BANK (HUNTSVILLE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1608
- FDIC Certificate
- 23971
- FDIC FIN
- 2778
- Bank name
- SAM HOUSTON NAT'L BANK OF WALKER
- Location
- HUNTSVILLE, TX
- Failure date
- 1988-01-21
- FDIC resolution date
- 1988-01-21
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $17M
- Deposits at failure
- $38M
- Assets at failure
- $38M
- Acquiring bank
- HUNTSVILLE NATIONAL BANK (HUNTSVILLE, TX)