Bank Failure
SOUTH TEXAS BANK
Closed February 25, 1976 · HOUSTON, TX · FDIC Cert #20294.
- Closing date
- February 25, 1976
- Headquarters
- HOUSTON, TX
- FDIC Certificate
- 20294
- Total assets at closing
- $7,756,000
- Total deposits at closing
- $7,074,000
- Resolution type
- other
Context
On February 25, 1976, regulators closed SOUTH TEXAS BANK, headquartered in HOUSTON, TX. At closing, the institution held approximately $7,756,000 in assets and $7,074,000 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 1976
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1976-12-03 | INTERNATIONAL CITY BANK AND TRUST COMPANY | NEW ORLEANS, LA | $176,320,000 |
| 1976-11-19 | FIRST STATE BANK & TRUST CO. | RIO GRANDE CITY, TX | $13,754,000 |
| 1976-10-19 | CENTENNIAL BANK | PHILADELPHIA, PA | $13,670,000 |
| 1976-10-08 | THE HAMILTON BANK AND TRUST COMPANY | ATLANTA, GA | $40,075,000 |
| 1976-09-15 | AMERICAN BANK & TRUST COMPANY | NEW YORK, NY | $224,502,000 |
| 1976-09-14 | THE NEW BOSTON BANK AND TRUST COMPANY | BOSTON, MA | $6,662,000 |
| 1976-06-28 | CITIZENS STATE BANK | CARRIZO SPRINGS, TX | $17,410,000 |
| 1976-06-25 | CORONADO NATIONAL BANK | DENVER, CO | $2,613,000 |
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