Bank failure · TX

Houston Commerce Bank (Houston, TX) — failed January 28, 1988

Houston Commerce Bank of Houston, Texas was closed on January 28, 1988 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $41.0M in assets and $40.1M in deposits. The FDIC's estimated loss on the failure is $8.5M (20.7% of assets).