Bank failure · TX
Unitedbank-Houston (Houston, TX) — failed April 30, 1987
Unitedbank-Houston of Houston, Texas was closed on April 30, 1987 and resolved through a insured deposit transfer. American Bank (TX) took over its insured deposits. At failure it held $217.3M in assets and $183.4M in deposits. The FDIC's estimated loss on the failure is $110.8M (51.0% of assets).
- Closing date
- April 30, 1987
- FDIC certificate #
- 18595
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- American Bank
- Insurance fund
- FDIC
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