MEMORIAL BANK, NATIONAL ASSOCIATION Failed 1990

HOUSTON, TX · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

MEMORIAL BANK, NATIONAL ASSOCIATION of HOUSTON, TX was closed on 1990-05-24. The FDIC was named receiver.

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

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

Key facts

FDIC ID
2775
FDIC Certificate
24896
FDIC FIN
4207
Bank name
MEMORIAL BANK, NATIONAL ASSOCIATION
Location
HOUSTON, TX
Failure date
1990-05-24
FDIC resolution date
1990-05-24
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$35M
Deposits at failure
$73M
Assets at failure
$76M
Acquiring bank
COMPASS BANK HOUSTON (HOUSTON, TX)