Bank failure · TX

Cy-Fair Bank, N.A. (Harris County, TX) — failed April 14, 1988

Cy-Fair Bank, N.A. of Harris County, Texas was closed on April 14, 1988 and resolved through a insured deposit transfer. Charter Nb Willowbrook (TX) took over its insured deposits. At failure it held $13.9M in assets and $14.2M in deposits. The FDIC's estimated loss on the failure is $4.8M (34.6% of assets).