CHAMPIONS POINT NATIONAL BANK Failed 1990
What happened
CHAMPIONS POINT NATIONAL BANK of HOUSTON, TX was closed on 1990-04-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NORTHWEST BANK (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2721
- FDIC Certificate
- 25780
- FDIC FIN
- 4178
- Bank name
- CHAMPIONS POINT NATIONAL BANK
- Location
- HOUSTON, TX
- Failure date
- 1990-04-05
- FDIC resolution date
- 1990-04-05
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $20M
- Assets at failure
- $21M
- Acquiring bank
- NORTHWEST BANK (HOUSTON, TX)
Other banks NORTHWEST BANK acquired in FDIC resolutions