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Bank failure · TX

South Texas Bank (Houston, TX) — failed February 25, 1976

South Texas Bank of Houston, Texas was closed on February 25, 1976 and resolved through a p&a. 0 (0) took over its insured deposits. At failure it held $7.8M in assets and $7.1M in deposits.

Closing date
February 25, 1976
FDIC certificate #
20294
Resolution
P&A (failure)
Acquiring institution
0
Insurance fund
FDIC

Other failures in 1976

What happens when a bank fails