# NATIONAL BANK OF TEXAS

> **Failed bank** · HOUSTON, TX · failed 1988-05-19 · National commercial bank (OCC-chartered) · FDIC cost $14M

## What happened

NATIONAL BANK OF TEXAS of HOUSTON, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $14M
- **Deposits at failure:** $26M
- **Assets at failure:** $19M
- **Acquiring bank:** OLD BRAESWOOD NATIONAL B (HOUSTON, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NATIONAL BANK OF TEXAS (FDIC ID 1755), failed 1988-05-19. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/1755.

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