Bank failure · TX
Citizens Bank Houston (Houston, TX) — failed February 9, 1989
Citizens Bank Houston 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 $40.2M in assets and $37.1M in deposits. The FDIC's estimated loss on the failure is $17.0M (42.4% of assets).
- Closing date
- February 9, 1989
- FDIC certificate #
- 22233
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Deposit Guaranty Bank
- Insurance fund
- FDIC
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