Bank failure · TX

Fidelity Fs & LA (Austin, TX) — failed July 12, 1991

Fidelity Fs & LA of Austin, Texas was closed on July 12, 1991 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $67.0M in assets and $56.9M in deposits. The FDIC's estimated loss on the failure is $5.0M (7.5% of assets).