Bank failure · TX

Northside Bank (San Antonio, TX) — failed September 6, 1990

Northside Bank of San Antonio, Texas was closed on September 6, 1990 and resolved through a purchase and assumption. Bank One, Texas, National a (TX) took over its insured deposits. At failure it held $54.7M in assets and $53.6M in deposits. The FDIC's estimated loss on the failure is $4.0M (7.3% of assets).