Bank failure · TX
Katy National Bank (Katy, TX) — failed May 4, 1989
Katy National Bank of Katy, Texas was closed on May 4, 1989 and resolved through a purchase and assumption. First Bank (TX) took over its insured deposits. At failure it held $52.0M in assets and $55.3M in deposits. The FDIC's estimated loss on the failure is $17.8M (34.3% of assets).
- Closing date
- May 4, 1989
- FDIC certificate #
- 17436
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Bank
- Insurance fund
- FDIC
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