Bank failure · TX
The Southwestern Bank, N.A. (Houston, TX) — failed April 9, 1987
The Southwestern Bank, N.A. of Houston, Texas was closed on April 9, 1987 and resolved through a purchase and assumption. Omnibanc North Belt NA (TX) took over its insured deposits. At failure it held $14.7M in assets and $14.5M in deposits. The FDIC's estimated loss on the failure is $5.4M (36.7% of assets).
- Closing date
- April 9, 1987
- FDIC certificate #
- 24791
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Omnibanc North Belt NA
- Insurance fund
- FDIC
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