Bank failure · TX

Fidelity National Bank (Houston, TX) — failed July 22, 1993

Fidelity National Bank of Houston, Texas was closed on July 22, 1993 and resolved through a purchase and assumption (insured deposits). Comerica Bank Texas (TX) took over its insured deposits. At failure it held $52.6M in assets and $50.3M in deposits. The FDIC's estimated loss on the failure is $5.5M (10.4% of assets).