Bank failure · TX
Midway National Bank (Dallas, TX) — failed May 24, 1990
Midway National Bank of Dallas, Texas was closed on May 24, 1990 and resolved through a purchase and assumption. Comerica Bank-Texas (TX) took over its insured deposits. At failure it held $16.4M in assets and $17.1M in deposits. The FDIC's estimated loss on the failure is $4.5M (27.2% of assets).
- Closing date
- May 24, 1990
- FDIC certificate #
- 25100
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Comerica Bank-Texas
- Insurance fund
- BIF
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