Bank failure · TX

Harris County Bank Houston, N.A. (Houston, TX) — failed February 25, 1988

Harris County Bank Houston, N.A. of Houston, Texas was closed on February 25, 1988 and resolved through a insured deposit transfer. Omnibanc South National (TX) took over its insured deposits. At failure it held $80.7M in assets and $81.2M in deposits. The FDIC's estimated loss on the failure is $33.4M (41.3% of assets).