Bank failure · TX
Texas National Bank (Houston, TX) — failed February 16, 1989
Texas National Bank of Houston, Texas was closed on February 16, 1989 and resolved through a insured deposit transfer. First Galleria Bank (TX) took over its insured deposits. At failure it held $39.7M in assets and $57.8M in deposits. The FDIC's estimated loss on the failure is $24.8M (62.6% of assets).
- Closing date
- February 16, 1989
- FDIC certificate #
- 25335
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First Galleria Bank
- Insurance fund
- FDIC
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