Bank failure · TX

Fort Worth State Bank (Fort Worth, TX) — failed September 27, 1990

Fort Worth State Bank of Fort Worth, Texas was closed on September 27, 1990 and resolved through a purchase and assumption. Fidelity Bank (TX) took over its insured deposits. At failure it held $20.7M in assets and $22.2M in deposits. The FDIC's estimated loss on the failure is $9.3M (45.1% of assets).