Bank failure · TX
Champions Point National Bank (Houston, TX) — failed April 5, 1990
Champions Point National Bank of Houston, Texas was closed on April 5, 1990 and resolved through a purchase and assumption. Northwest Bank (TX) took over its insured deposits. At failure it held $20.6M in assets and $19.5M in deposits. The FDIC's estimated loss on the failure is $4.8M (23.4% of assets).
- Closing date
- April 5, 1990
- FDIC certificate #
- 25780
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Northwest Bank
- Insurance fund
- BIF
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