Bank failure · TX
Texas Investment Bank, N.A. (Houston, TX) — failed May 21, 1987
Texas Investment Bank, N.A. of Houston, Texas was closed on May 21, 1987 and resolved through a insured deposit transfer. River Oaks Bank (TX) took over its insured deposits. At failure it held $17.1M in assets and $15.3M in deposits. The FDIC's estimated loss on the failure is $8.0M (46.6% of assets).
- Closing date
- May 21, 1987
- FDIC certificate #
- 20792
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- River Oaks Bank
- Insurance fund
- FDIC
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