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Bank failure · TX

Astro Bank (Houston, TX) — failed October 16, 1975

Astro Bank of Houston, Texas was closed on October 16, 1975 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $5.5M in assets and $5.2M in deposits.

Closing date
October 16, 1975
FDIC certificate #
20523
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

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What happens when a bank fails