NATIONAL BANK OF TEXAS Failed 1988
What happened
NATIONAL BANK OF TEXAS of HOUSTON, TX was closed on 1988-05-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to OLD BRAESWOOD NATIONAL B (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1755
- FDIC Certificate
- 24559
- FDIC FIN
- 2818
- Bank name
- NATIONAL BANK OF TEXAS
- Location
- HOUSTON, TX
- Failure date
- 1988-05-19
- FDIC resolution date
- 1988-05-19
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $26M
- Assets at failure
- $19M
- Acquiring bank
- OLD BRAESWOOD NATIONAL B (HOUSTON, TX)