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Bank failure · TX

Northeast Bank of Houston (Houston, TX) — failed June 3, 1976

Northeast Bank of Houston of Houston, Texas was closed on June 3, 1976 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $18.1M in assets and $17.5M in deposits.

Closing date
June 3, 1976
FDIC certificate #
17902
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1976

What happens when a bank fails