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Article: REGULATORS CLOSE NORTH HOUSTON BANK, MADISONVILLE STATE BANK

Article from:
US Fed News Service, Including US State News
Article date:
November 6, 2009
Copyright

AUSTIN, Texas, Oct. 30 -- The Texas Department of Banking issued the following news release:

Texas Banking Commissioner, Charles G. Cooper, announced today that U.S. Bank National Association, Minneapolis, Minnesota, acquired all the deposits of North Houston Bank, Houston, Texas and Madisonville State Bank, Madisonville, Texas, in a series of failed bank transactions facilitated by the Federal Deposit Insurance Corporation. Both institutions will reopen according to their normal hours of operation and customers should have uninterrupted access to their funds. The North Houston location will reopen Saturday morning with Madisonville reopening Monday morning. Additional information can be ...

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