Bank failure · TX

Northshore Bank (Houston, TX) — failed November 8, 1985

Northshore Bank of Houston, Texas was closed on November 8, 1985 and resolved through a purchase and assumption. Bank of Woodforest (TX) took over its insured deposits. At failure it held $47.2M in assets and $43.3M in deposits. The FDIC's estimated loss on the failure is $12.2M (25.8% of assets).