WEST HOUSTON NATIONAL BANK Failed 1988
What happened
WEST HOUSTON NATIONAL BANK of HOUSTON, TX was closed on 1988-08-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS COMMERCE BANK NA (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1854
- FDIC Certificate
- 25017
- FDIC FIN
- 2892
- Bank name
- WEST HOUSTON NATIONAL BANK
- Location
- HOUSTON, TX
- Failure date
- 1988-08-11
- FDIC resolution date
- 1988-08-11
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $27M
- Assets at failure
- $26M
- Acquiring bank
- TEXAS COMMERCE BANK NA (HOUSTON, TX)
Other banks TEXAS COMMERCE BANK NA acquired in FDIC resolutions
- UNION BANK OF HOUSTON (HOUSTON, TX) — failed 1988-12-01
- FIRST HOUSTON BANK, N.A. (HOUSTON, TX) — failed 1988-02-11
- WESTERN BANK-NORTH WILCREST, N.A (HOUSTON, TX) — failed 1987-10-01
- WESTERN BANK-WESTWOOD, N.A. (HOUSTON, TX) — failed 1987-10-01
- BANK OF NORTH AMERICA (HOUSTON, TX) — failed 1987-08-27
- MONTGOMERY COUNTY BANK, N.A. (THE WOODLANDS, TX) — failed 1987-01-29