Bank failure · TX
First Commercial Bank of Texas, (Houston, TX) — failed April 16, 1987
First Commercial Bank of Texas, of Houston, Texas was closed on April 16, 1987 and resolved through a purchase and assumption. Omnibanc North Belt NA (TX) took over its insured deposits. At failure it held $4.4M in assets and $4.7M in deposits. The FDIC's estimated loss on the failure is $1.9M (43.1% of assets).
- Closing date
- April 16, 1987
- FDIC certificate #
- 24467
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Omnibanc North Belt NA
- Insurance fund
- FDIC
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