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Bank failure · TX

Fidelity Bank, National Association (San Antonio, TX) — failed January 26, 1990

Fidelity Bank, National Association of San Antonio, Texas was closed on January 26, 1990 and resolved through a insured deposit transfer. Texas Commerce Bank - San a (TX) took over its insured deposits. At failure it held $36.6M in assets and $35.8M in deposits. The FDIC's estimated loss on the failure is $5.1M (13.9% of assets).

Closing date
January 26, 1990
FDIC certificate #
24937
Resolution
Insured deposit transfer (failure)
Acquiring institution
Texas Commerce Bank - San a
Insurance fund
BIF

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What happens when a bank fails