Data / Bank failures / 1988 / First Houston Bank, N.A.
First Houston Bank, N.A., Houston, TX: failed February 11, 1988
First Houston Bank, N.A. in Houston, Texas, failed on February 11, 1988. Texas Commerce Bank NA of Houston, TX, took over its deposits. It held $33.2 million in assets and $34.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $11 million (33.2% of its assets). By assets it was the 323rd largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- February 11, 1988
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Texas Commerce Bank NA, Houston, TX
- Total assets
- $33,175,000
- Total deposits
- $34,578,000
- Estimated cost to the FDIC
- $11,019,133 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 24836
Other bank failures in Texas, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Peoples State Bank | Dallas | December 14, 1990 | $30.3 million | $30.6 million | $6.3 million | Comerica Bank - Texas |
| The State Bank of Omaha | Omaha | December 14, 1990 | $20.5 million | $20.6 million | $5.3 million | The First National Bank of |
| Washington County State Bank | Brenham | December 13, 1990 | $77.7 million | $77.5 million | $9.4 million | Channelview Bank |
| Andrews Savings & Loan Assoc. | Andrews | December 7, 1990 | $126.1 million | $109.7 million | $11 million | |
| First National Bank of Rowlett | Rowlett | December 7, 1990 | $20.5 million | $21.4 million | $6.5 million | U.S. Trust Company of Texas |
| Heights Bank | Harker Heights | December 7, 1990 | $28.8 million | $27 million | $4.7 million | Heights State Bank |
| First Southwest FS & La | Tyler | November 30, 1990 | $51.2 million | $45.3 million | $4.9 million | Citizens Bank |
| Atascosa Sa | Jourdanton | November 30, 1990 | $34.7 million | $32.9 million | $7.1 million |
Other failed banks Texas Commerce Bank NA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Union Bank of Houston | Houston | TX | December 1, 1988 | $55.4 million | $49.1 million | $12.6 million | Texas Commerce Bank NA |
| West Houston National Bank | Houston | TX | August 11, 1988 | $26.4 million | $26.7 million | $6.7 million | Texas Commerce Bank NA |
| Western Bank-North Wilcrest, N.a | Houston | TX | October 1, 1987 | $41.1 million | $40.6 million | $12.9 million | Texas Commerce Bank NA |
| Western Bank-Westwood, N.A. | Houston | TX | October 1, 1987 | $44.2 million | $42.6 million | $11.6 million | Texas Commerce Bank NA |
| Bank of North America | Houston | TX | August 27, 1987 | $34.5 million | $31.2 million | $10.2 million | Texas Commerce Bank NA |
| Montgomery County Bank, N.A. | The Woodlands | TX | January 29, 1987 | $48.5 million | $47.6 million | $13.9 million | Texas Commerce Bank NA |
All bank failures in 1988 · All bank failures in Texas · Every failed bank Texas Commerce Bank NA took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.