Bank failure · TX
Bank of North America (Houston, TX) — failed August 27, 1987
Bank of North America of Houston, Texas was closed on August 27, 1987 and resolved through a insured deposit transfer. Texas Commerce Bank NA (TX) took over its insured deposits. At failure it held $34.5M in assets and $31.2M in deposits. The FDIC's estimated loss on the failure is $10.2M (29.6% of assets).
- Closing date
- August 27, 1987
- FDIC certificate #
- 18088
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Texas Commerce Bank NA
- Insurance fund
- FDIC
Other failures in 1987
- Gibson Federal S&la IL
- American Fs&la VA
- First Fs&la of Slidell LA
- First Financial Bank, FSB LA
- Firstbanc FSB LA
- First Fs&la of Alexandria LA
- First Financial of LA LA
- The Falun State Bank KS
- Community Fs&la OH
- First State Bank at Shoshoni WY
- Bank of Mabank TX
- Usbank TX
- American Bank of Commerce LA
- Mt. Pleasant S&la TX
- Boone County Fs&la MO
- Lewis and Clark State Bank OR
- Surety Fs&la NC
- First Interstate Bank of Alaska AK
- The First National Bank in Rhome TX
- Louisiana Bank & Trust Company LA
- Bancfirst-Austin, N.A. TX
- American Bank in Louisiana LA
- Heritage National Bank TX
- The Farmers National Bank of Cordell OK