Bank failure · TX
Northway National Bank (Dallas, TX) — failed February 15, 1990
Northway National Bank of Dallas, Texas was closed on February 15, 1990 and resolved through a purchase and assumption. City National Bank of Carro (TX) took over its insured deposits. At failure it held $19.1M in assets and $23.9M in deposits. The FDIC's estimated loss on the failure is $8.4M (44.0% of assets).
- Closing date
- February 15, 1990
- FDIC certificate #
- 23452
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- City National Bank of Carro
- Insurance fund
- BIF
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