Bank failure · TX
First Continental National Bank (Houston, TX) — failed February 15, 1989
First Continental National Bank of Houston, Texas was closed on February 15, 1989 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $9.0M in assets and $8.5M in deposits. The FDIC's estimated loss on the failure is $2.1M (23.2% of assets).
- Closing date
- February 15, 1989
- FDIC certificate #
- 24359
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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