# FIRST NATIONAL BANK OF KINGSWOOD

> **Failed bank** · KINGSWOOD, TX · failed 1988-05-26 · National commercial bank (OCC-chartered) · FDIC cost $5M

## What happened

FIRST NATIONAL BANK OF KINGSWOOD of KINGSWOOD, TX was closed by the OCC on **1988-05-26**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 1760
- **FDIC Certificate:** 25248
- **FDIC FIN:** 2820
- **Bank name:** FIRST NATIONAL BANK OF KINGSWOOD
- **Location:** KINGSWOOD, TX
- **Failure date:** 1988-05-26
- **FDIC resolution date:** 1988-05-26
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $16M
- **Assets at failure:** $16M
- **Acquiring bank:** INTERSTATE BANK NORTH (HOUSTON, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF KINGSWOOD (FDIC ID 1760), failed 1988-05-26. Retrieved via AI Analytics 2026-07-04 from https://api.ai-analytics.org/failed-bank/1760.

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