Bank failure · TX
City National Bank (Houston, TX) — failed August 16, 1990
City National Bank of Houston, Texas was closed on August 16, 1990 and resolved through a purchase and assumption. Charter National Bank-Colon (TX) took over its insured deposits. At failure it held $35.6M in assets and $39.3M in deposits. The FDIC's estimated loss on the failure is $9.0M (25.4% of assets).
- Closing date
- August 16, 1990
- FDIC certificate #
- 26609
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Charter National Bank-Colon
- Insurance fund
- BIF
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