Bank failure · TX
Citizens Bank (Houston, TX) — failed February 9, 1989
Citizens Bank of Houston, Texas was closed on February 9, 1989 and resolved through a purchase and assumption. Deposit Guaranty Bank (TX) took over its insured deposits. At failure it held $100.1M in assets and $102.1M in deposits. The FDIC's estimated loss on the failure is $28.6M (28.6% of assets).
- Closing date
- February 9, 1989
- FDIC certificate #
- 17326
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Deposit Guaranty Bank
- Insurance fund
- FDIC
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