Bank failure · TX
Capitol City Federal Savings (Austin, TX) — failed July 27, 1989
Capitol City Federal Savings of Austin, Texas was closed on July 27, 1989 and resolved through a purchase and assumption. Banc One Tx, NA (TX) took over its insured deposits. At failure it held $528.2M in assets and $397.1M in deposits. The FDIC's estimated loss on the failure is $214.8M (40.7% of assets).
- Closing date
- July 27, 1989
- FDIC certificate #
- 31630
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Banc One Tx, NA
- Insurance fund
- RTC
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