Bank failure · TX

National Bank of Texas (Houston, TX) — failed May 19, 1988

National Bank of Texas of Houston, Texas was closed on May 19, 1988 and resolved through a purchase and assumption. Old Braeswood National B (TX) took over its insured deposits. At failure it held $19.4M in assets and $26.1M in deposits. The FDIC's estimated loss on the failure is $13.6M (70.0% of assets).