Bank failure · TX

Union Bank of Houston (Houston, TX) — failed December 1, 1988

Union Bank of Houston of Houston, Texas was closed on December 1, 1988 and resolved through a purchase and assumption. Texas Commerce Bank NA (TX) took over its insured deposits. At failure it held $55.4M in assets and $49.1M in deposits. The FDIC's estimated loss on the failure is $12.6M (22.7% of assets).