Bank Failure
SHARPSTOWN STATE BANK
Closed January 25, 1971 · HOUSTON, TX · FDIC Cert #18254.
- Closing date
- January 25, 1971
- Headquarters
- HOUSTON, TX
- FDIC Certificate
- 18254
- Total assets at closing
- $78,903,000
- Total deposits at closing
- $66,763,000
- Resolution type
- other
Context
On January 25, 1971, regulators closed SHARPSTOWN STATE BANK, headquartered in HOUSTON, TX. At closing, the institution held approximately $78,903,000 in assets and $66,763,000 in deposits. The FDIC resolved the institution without a single-acquirer transaction.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1971
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1971-12-30 | FIRST COMMUNITY STATE BANK OF SAVANNAH | SAVANNAH, MO | $3,701,000 |
| 1971-11-30 | THE FIRST NATIONAL BANK OF CRIPPLE CREEK | CRIPPLE CREEK, CO | $1,301,000 |
| 1971-07-27 | UNITY BANK & TRUST COMPANY | BOSTON (ROXBURY), MA | — |
| 1971-04-05 | BANK OF SALEM | SALEM, NE | $679,000 |
| 1971-02-17 | FARMERS STATE BANK OF CARLOCK | CARLOCK, IL | $2,196,000 |
| 1971-02-16 | BIRMINGHAM-BLOOMFIELD BANK | BIRMINGHAM, MI | $109,739,000 |
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