FALLBROOK NATIONAL BANK Failed 1989

What happened

FALLBROOK NATIONAL BANK of HOUSTON, TX was closed on 1989-07-20. The FDIC was named receiver.

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

Deposits were transferred to CHARTER NATIONAL BANK - COL (HARRIS COUNTY, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2442

FDIC Certificate

25854

FDIC FIN

5978

Bank name

FALLBROOK NATIONAL BANK

Location

HOUSTON, TX

Failure date

1989-07-20

FDIC resolution date

1989-07-20

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$12M

Deposits at failure

$36M

Assets at failure

$36M

Acquiring bank

CHARTER NATIONAL BANK - COL (HARRIS COUNTY, TX)