INDUSTRIAL BANK Failed 1989

HOUSTON, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

INDUSTRIAL BANK of HOUSTON, TX was closed on 1989-03-23. The FDIC was named receiver.

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

Deposits were transferred to METROBANK, NATIONAL ASSOCIA (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2275
FDIC Certificate
16131
FDIC FIN
2980
Bank name
INDUSTRIAL BANK
Location
HOUSTON, TX
Failure date
1989-03-23
FDIC resolution date
1989-03-23
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.)
$8M
Deposits at failure
$65M
Assets at failure
$65M
Acquiring bank
METROBANK, NATIONAL ASSOCIA (HOUSTON, TX)