TEXAS NATIONAL BANK Failed 1989

What happened

TEXAS NATIONAL BANK of HOUSTON, TX was closed on 1989-02-16. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to FIRST GALLERIA BANK (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2105

FDIC Certificate

25335

FDIC FIN

5959

Bank name

TEXAS NATIONAL BANK

Location

HOUSTON, TX

Failure date

1989-02-16

FDIC resolution date

1989-02-16

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$25M

Deposits at failure

$58M

Assets at failure

$40M

Acquiring bank

FIRST GALLERIA BANK (HOUSTON, TX)