Bank failure · TX

First Houston Bank, N.A. (Houston, TX) — failed February 11, 1988

First Houston Bank, N.A. of Houston, Texas was closed on February 11, 1988 and resolved through a insured deposit transfer. Texas Commerce Bank NA (TX) took over its insured deposits. At failure it held $33.2M in assets and $34.6M in deposits. The FDIC's estimated loss on the failure is $11.0M (33.2% of assets).