SECURITY BANK Failed 1989
What happened
SECURITY BANK of HOUSTON, TX was closed on 1989-02-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TEXAS COMMERCE BANK, N.A. (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2104
- FDIC Certificate
- 22078
- FDIC FIN
- 2968
- Bank name
- SECURITY BANK
- Location
- HOUSTON, TX
- Failure date
- 1989-02-16
- FDIC resolution date
- 1989-02-16
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $19M
- Assets at failure
- $19M
- Acquiring bank
- TEXAS COMMERCE BANK, N.A. (HOUSTON, TX)