Bank failure · TX
Riverside National Bank of Houston (Houston, TX) — failed August 1, 1985
Riverside National Bank of Houston of Houston, Texas was closed on August 1, 1985 and resolved through a purchase and assumption. Peoples Bank National As (TX) took over its insured deposits. At failure it held $18.4M in assets and $17.2M in deposits. The FDIC's estimated loss on the failure is $3.6M (19.4% of assets).
- Closing date
- August 1, 1985
- FDIC certificate #
- 18862
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Peoples Bank National As
- Insurance fund
- FDIC
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