Bank failure · TX
Forestwood National Bank of Dallas (Dallas, TX) — failed July 27, 1989
Forestwood National Bank of Dallas of Dallas, Texas was closed on July 27, 1989 and resolved through a insured deposit transfer. Comerica Bank-Texas (TX) took over its insured deposits. At failure it held $62.0M in assets and $63.2M in deposits. The FDIC's estimated loss on the failure is $24.3M (39.1% of assets).
- Closing date
- July 27, 1989
- FDIC certificate #
- 23026
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Comerica Bank-Texas
- Insurance fund
- FDIC
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