Data / Bank failures / 1987 / Bear Creek National Bank
Bear Creek National Bank, Bear Creek, TX: failed January 29, 1987
Bear Creek National Bank in Bear Creek, Texas, failed on January 29, 1987. Jersey Village Bank of Houston, TX, took over its deposits. It held $26.6 million in assets and $26 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.5 million (28.4% of its assets). By assets it was the 117th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- January 29, 1987
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Jersey Village Bank, Houston, TX
- Total assets
- $26,593,000
- Total deposits
- $25,970,000
- Estimated cost to the FDIC
- $7,539,590 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 25633
Other bank failures in Texas, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Columbia Fsa | Nassau Bay | December 21, 1989 | $77.1 million | $71.1 million | $36 million | |
| Canyon Lake Bank | Canyon Lake | December 14, 1989 | $31 million | $32.1 million | $9.2 million | Victoria Bank & Trust Compa |
| Midlothian National Bank | Midlothian | December 13, 1989 | $10 million | $11.5 million | $4.1 million | The First National Bank in |
| Westheimer Memorial Bank, NA | Houston | December 7, 1989 | $38.9 million | $47.7 million | $20.1 million | Hibernia National Bank in T |
| First National Bank of Frisco | Frisco | December 7, 1989 | $9 million | $9.4 million | $976,425 | Hibernia National Bank in T |
| Aledo State Bank | Aledo | December 7, 1989 | $9.9 million | $9.7 million | $406,520 | Citizens National Bank of W |
| Austin FS & La | Austin | November 30, 1989 | $113.4 million | $85 million | $21.6 million | |
| Fortune Financial Fed. S & L Assoc | Copperas Cove | November 30, 1989 | $84.2 million | $74.5 million | $35.3 million |
Other failed banks Jersey Village Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Northwest Commercial Bank, N.A. | Houston | TX | June 11, 1987 | $14.2 million | $14.5 million | $4.7 million | Jersey Village Bank |
All bank failures in 1987 · All bank failures in Texas · Every failed bank Jersey Village Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.