Bank failure · TX
Northwest Commercial Bank, N.A. (Houston, TX) — failed June 11, 1987
Northwest Commercial Bank, N.A. of Houston, Texas was closed on June 11, 1987 and resolved through a purchase and assumption. Jersey Village Bank (TX) took over its insured deposits. At failure it held $14.2M in assets and $14.5M in deposits. The FDIC's estimated loss on the failure is $4.7M (33.0% of assets).
- Closing date
- June 11, 1987
- FDIC certificate #
- 24885
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Jersey Village Bank
- Insurance fund
- FDIC
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