WOODWAY BANK AND TRUST, NA Failed 1990
What happened
WOODWAY BANK AND TRUST, NA of HOUSTON, TX was closed on 1990-10-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NATIONAL COMMERCE BANK (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2914
- FDIC Certificate
- 24301
- FDIC FIN
- 4281
- Bank name
- WOODWAY BANK AND TRUST, NA
- Location
- HOUSTON, TX
- Failure date
- 1990-10-04
- FDIC resolution date
- 1990-10-04
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $35M
- Assets at failure
- $35M
- Acquiring bank
- NATIONAL COMMERCE BANK (HOUSTON, TX)
Other banks NATIONAL COMMERCE BANK acquired in FDIC resolutions