Bank Failure
Woodway Bank and Trust, N.A.
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Closed October 4, 1990 · Houston, TX · FDIC Cert #24301.
- Closing date
- October 4, 1990
- Headquarters
- Houston, TX
- FDIC Certificate
- 24301
- Total assets at closing
- $35.4M
- Total deposits at closing
- $35.4M
- Estimated loss to the insurance fund
- $2.6M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- National Commerce Bank
Context
On October 4, 1990, regulators closed Woodway Bank and Trust, N.A., headquartered in Houston, TX. At closing, the institution held approximately $35.4M in assets and $35.4M in deposits. The FDIC record names National Commerce Bank as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $2.6M.
By assets at closing this is the 1903rd largest of the 3,526 bank failures in the FDIC record, and the 255th of 381 in 1990. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Woodway Bank and Trust, N.A. fail?
Woodway Bank and Trust, N.A. was closed by regulators on October 4, 1990.
Who acquired Woodway Bank and Trust, N.A.?
The FDIC record names National Commerce Bank as the acquiring institution in the resolution of Woodway Bank and Trust, N.A.
How big was Woodway Bank and Trust, N.A. when it failed?
Woodway Bank and Trust, N.A. had approximately $35.4M in total assets and $35.4M in deposits at the time of failure.
Other failures in 1990
| Date | Bank | Assets |
|---|---|---|
| Dec 28, 1990 | Capitol Bank and Trust Company | $485.6M |
| Dec 28, 1990 | Southern FS | $230.8M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Dec 27, 1990 | Enterprise Savings Bank, F.A. | $432.6M |
| Dec 21, 1990 | Arkansas FSB | $71.7M |
| Dec 15, 1990 | Mid-America FS & La | $1.21B |
| Dec 14, 1990 | Community FS & La | $1.98B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
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