CITY NATIONAL BANK Failed 1990

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

What happened

CITY NATIONAL BANK of HOUSTON, TX was closed on 1990-08-16. The FDIC was named receiver.

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

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

Key facts

FDIC ID
2875
FDIC Certificate
26609
FDIC FIN
4260
Bank name
CITY NATIONAL BANK
Location
HOUSTON, TX
Failure date
1990-08-16
FDIC resolution date
1990-08-16
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$9M
Deposits at failure
$39M
Assets at failure
$36M
Acquiring bank
CHARTER NATIONAL BANK-COLON (HARRIS COUNTY, TX)