Bank failure · TX

Sharpstown State Bank (Houston, TX) — failed January 25, 1971

Sharpstown State Bank of Houston, Texas was closed on January 25, 1971 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $78.9M in assets and $66.8M in deposits.

Closing date: January 25, 1971
FDIC certificate #: 18254
Resolution: Payout (deposit payoff) (failure)
Acquiring institution: 0
Insurance fund: FDIC

Other failures in 1971

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The First National Bank of Cripple Creek CO
Unity Bank & Trust Company MA
Bank of Salem NE
Farmers State Bank of Carlock IL
Birmingham-Bloomfield Bank MI

What happens when a bank fails