WILLIAMSTOWN BANK, N.A. Failed 1988
What happened
WILLIAMSTOWN BANK, N.A. of HOUSTON, TX was closed on 1988-06-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITY NATIONAL BANK (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1768
- FDIC Certificate
- 24190
- FDIC FIN
- 2827
- Bank name
- WILLIAMSTOWN BANK, N.A.
- Location
- HOUSTON, TX
- Failure date
- 1988-06-02
- FDIC resolution date
- 1988-06-02
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $23M
- Assets at failure
- $23M
- Acquiring bank
- CITY NATIONAL BANK (HOUSTON, TX)
Other banks CITY NATIONAL BANK acquired in FDIC resolutions