Bank failure · TX

Williamstown Bank, N.A. (Houston, TX) — failed June 2, 1988

Williamstown Bank, N.A. of Houston, Texas was closed on June 2, 1988 and resolved through a purchase and assumption. City National Bank (TX) took over its insured deposits. At failure it held $23.0M in assets and $22.7M in deposits. The FDIC's estimated loss on the failure is $5.8M (25.1% of assets).