Bank failure · TX
Richmark Bank (Houston, TX) — failed June 7, 1990
Richmark Bank of Houston, Texas was closed on June 7, 1990 and resolved through a purchase and assumption. Hibernia National Bank in T (TX) took over its insured deposits. At failure it held $35.2M in assets and $35.8M in deposits. The FDIC's estimated loss on the failure is $11.7M (33.1% of assets).
- Closing date
- June 7, 1990
- FDIC certificate #
- 20240
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hibernia National Bank in T
- Insurance fund
- BIF
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