Bank failure · TX
Petrobank, N.A. (Houston, TX) — failed June 12, 1986
Petrobank, N.A. of Houston, Texas was closed on June 12, 1986 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $35.5M in assets and $34.6M in deposits. The FDIC's estimated loss on the failure is $12.6M (35.7% of assets).
- Closing date
- June 12, 1986
- FDIC certificate #
- 24296
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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