List of Failed Houston Banks
Every once in a while, a bank will close because it goes bankrupt, or they basically fail as a business. Although this did not happen a lot in the past, in the last several year, there have been record high bank failures due to economic trouble and lax government regulation. Houston Banking Rates brings you a list of the five Houston banks which have closed in the last several years.
- North Houston Bank – October 30, 2009 – This bank closed at the same time as nine other banks across the country which together had $19.4 billion in assets.
- Madisonville State Bank – October 30, 2009 – Along with North Houston Bank, Madisonville was another of the nine closed banks. All branches will reopen as U.S. bank branches.
- Citizens National Bank – October 30, 2009 – Citizens was the final Houston bank to close on that day.
- Guaranty Bank – August 21, 2009 – Guaranty had 103 Texan branches and $13 billion in assets. BBVA Compass took the loss-share contract.
- Franklin Bank SSB – November 7, 2008 – The bank’s total assets were $5.1 billion, and their branches will reopen as part of Prosperity Bank.
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