# MEMORIAL BANK, NATIONAL ASSOCIATION

> **Failed bank** · HOUSTON, TX · failed 1990-05-24 · National commercial bank (OCC-chartered) · FDIC cost $35M

## What happened

MEMORIAL BANK, NATIONAL ASSOCIATION of HOUSTON, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $35M
- **Deposits at failure:** $73M
- **Assets at failure:** $76M
- **Acquiring bank:** COMPASS BANK HOUSTON (HOUSTON, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MEMORIAL%20BANK%2C%20NATIONAL%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MEMORIAL BANK, NATIONAL ASSOCIATION (FDIC ID 2775), failed 1990-05-24. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2775.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*