Bank failure · TX

Century National Bank (Houston, TX) — failed October 2, 1986

Century National Bank of Houston, Texas was closed on October 2, 1986 and resolved through a insured deposit transfer. Sterling Bank Willowbroo (TX) took over its insured deposits. At failure it held $15.5M in assets and $13.5M in deposits. The FDIC's estimated loss on the failure is $5.3M (33.8% of assets).