Bank failure · TX

Nowlin Sa (Ft. Worth, TX) — failed February 23, 1990

Nowlin Sa of Ft. Worth, Texas was closed on February 23, 1990 and resolved through a purchase and assumption. Comerica Bank-Tx (TX) took over its insured deposits. At failure it held $200.5M in assets and $195.5M in deposits. The FDIC's estimated loss on the failure is $58.1M (29.0% of assets).