Bank failure · TX

Southwest National Bank (Houston, TX) — failed November 3, 1988

Southwest National Bank of Houston, Texas was closed on November 3, 1988 and resolved through a insured deposit transfer. Spring National Bank (TX) took over its insured deposits. At failure it held $14.0M in assets and $16.1M in deposits. The FDIC's estimated loss on the failure is $4.1M (29.4% of assets).