# FIRST AMERICAN BANK & TR OF FRIENDSWOOD

> **Failed bank** · FRIENDSWOOD, TX · failed 1988-03-10 · State commercial bank, Federal Reserve member · FDIC cost $2M

## What happened

FIRST AMERICAN BANK & TR OF FRIENDSWOOD of FRIENDSWOOD, TX was closed by state regulators on **1988-03-10**. The FDIC was named receiver.

**Resolution:** PO

Deposits were transferred to **0** (0, 0). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1642
- **FDIC Certificate:** 26546
- **FDIC FIN:** 5930
- **Bank name:** FIRST AMERICAN BANK & TR OF FRIENDSWOOD
- **Location:** FRIENDSWOOD, TX
- **Failure date:** 1988-03-10
- **FDIC resolution date:** 1988-03-10
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** PO
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $6M
- **Assets at failure:** $6M
- **Acquiring bank:** 0 (0, 0)

## Other banks 0 has acquired in FDIC resolutions

- THE COMMUNITY'S BANK (BRIDGEPORT, CT) — failed 2013-09-13 — /failed-bank/4055
- NOVA BANK (BERWYN, PA) — failed 2012-10-26 — /failed-bank/4029
- BANK OF THE EASTERN SHORE (CAMBRIDGE, MD) — failed 2012-04-27 — /failed-bank/4001
- NEW CITY BANK (CHICAGO, IL) — failed 2012-03-09 — /failed-bank/3995
- HOME SAVINGS OF AMERICA (LITTLE FALLS, MN) — failed 2012-02-24 — /failed-bank/3993
- FIRSTIER BANK (LOUISVILLE, CO) — failed 2011-01-28 — /failed-bank/3901
- ENTERPRISE BANKING COMPANY (MCDONOUGH, GA) — failed 2011-01-21 — /failed-bank/3894
- FIRST ARIZONA SAVINGS, A FSB (SCOTTSDALE, AZ) — failed 2010-10-22 — /failed-bank/3871
- IDEAL FEDERAL SAVINGS BANK (BALTIMORE, MD) — failed 2010-07-09 — /failed-bank/3821
- ARCOLA HOMESTEAD SAVINGS BANK (ARCOLA, IL) — failed 2010-06-04 — /failed-bank/3814

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20AMERICAN%20BANK%20%26%20TR%20OF%20FRIENDSWOOD

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST AMERICAN BANK & TR OF FRIENDSWOOD (FDIC ID 1642), failed 1988-03-10. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/failed-bank/1642.

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