Bank failure · TX

Sam Houston Nat'L Bank of Walker (Huntsville, TX) — failed January 21, 1988

Sam Houston Nat'L Bank of Walker of Huntsville, Texas was closed on January 21, 1988 and resolved through a purchase and assumption. Huntsville National Bank (TX) took over its insured deposits. At failure it held $37.6M in assets and $38.3M in deposits. The FDIC's estimated loss on the failure is $17.1M (45.5% of assets).