The Graveyard › Banks › 1988
Fidelity National Bank of Fort Worth
Fort Worth · failed October 6, 1988 · FDIC certificate 25701
Fidelity National Bank of Fort Worth of Fort Worth failed on October 6, 1988. It opened on October 22, 1984, 3 years before. At its last report before that it held $33.8 million in assets and $32.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $38.2 million. The FDIC estimates that the FDIC's insurance fund lost $10.6 million on it.
1984-121988-06
Assets at the end$33.8 millionlast report before October 6, 1988
Deposits at the end$32.5 million
Estimated loss to the fund$10.6 millionFDIC
Largest in the quarterly reports$38.2 millionDecember 31, 1986
Equity to assets-4.3%June 30, 1988
Loans not being repaid5.7%noncurrent, June 30, 1988
Return on assets-11.08%a year's rate, June 30, 1988
Staff16full time, June 30, 1988
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.