Bank failure · TX
Montgomery County Bank, N.A. (The Woodlands, TX) — failed January 29, 1987
Montgomery County Bank, N.A. of The Woodlands, Texas was closed on January 29, 1987 and resolved through a purchase and assumption. Texas Commerce Bank NA (TX) took over its insured deposits. At failure it held $48.5M in assets and $47.6M in deposits. The FDIC's estimated loss on the failure is $13.9M (28.6% of assets).
- Closing date
- January 29, 1987
- FDIC certificate #
- 20694
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Texas Commerce Bank NA
- Insurance fund
- FDIC
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