Bank failure · TX

Resource Bank, N.A. (Houston, TX) — failed December 8, 1988

Resource Bank, N.A. of Houston, Texas was closed on December 8, 1988 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $34.7M in assets and $37.3M in deposits. The FDIC's estimated loss on the failure is $12.4M (35.7% of assets).