Bank Failure
MEMORIAL BANK, NATIONAL ASSOCIATION
Closed May 24, 1990 · HOUSTON , TX · FDIC Cert #24896 .
- Closing date
- May 24, 1990
- Headquarters
- HOUSTON , TX
- FDIC Certificate
- 24896
- Total assets at closing
- $75.9M
- Total deposits at closing
- $73.3M
- Estimated loss to DIF
- $34.8M
- Resolution type
- other
- Acquirer
- COMPASS BANK HOUSTON (FDIC Cert #4207)
Context
On May 24, 1990, regulators closed MEMORIAL BANK, NATIONAL ASSOCIATION , headquartered in HOUSTON , TX . At closing, the institution held approximately $75.9M in assets and $73.3M in deposits . The FDIC arranged a resolution under which COMPASS BANK HOUSTON acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $34.8M.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1990
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1990-12-28 | CAPITOL BANK AND TRUST COMPANY | BOSTON , MA | $485.6M |
| 1990-12-28 | SOUTHERN FS | NEW ORLEANS , LA | $230.8M |
| 1990-12-28 | FIRST FS & LA OF ANDALUSIA | ANDALUSIA , AL | $38.7M |
| 1990-12-27 | ENTERPRISE SAVINGS BANK, FA | CHICAGO , IL | $432.6M |
| 1990-12-21 | ARKANSAS FSB | LITTLE ROCK , AR | $71.7M |
| 1990-12-15 | MID-AMERICA FS & LA | COLUMBUS , OH | $1.21B |
| 1990-12-14 | COMMUNITY FS & LA | ST. LOUIS , MO | $1.98B |
| 1990-12-14 | COMFED SAVINGS BANK | LOWELL , MA | $1.40B |
Explore: all failures · TX bank events · 1990 events · events hub