FIDELITY NATIONAL BANK OF FORT WORTH Failed 1988

What happened

FIDELITY NATIONAL BANK OF FORT WORTH of FORT WORTH, TX was closed on 1988-10-06. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FIDELITY BANK (FORT WORTH, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1948

FDIC Certificate

25701

FDIC FIN

2926

Bank name

FIDELITY NATIONAL BANK OF FORT WORTH

Location

FORT WORTH, TX

Failure date

1988-10-06

FDIC resolution date

1988-10-06

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$11M

Deposits at failure

$33M

Assets at failure

$34M

Acquiring bank

FIDELITY BANK (FORT WORTH, TX)

Other banks FIDELITY BANK acquired in FDIC resolutions

• THE BANK OF GEORGIA (PEACHTREE CITY, GA) — failed 2015-10-02
• SECURITY EXCHANGE BANK (MARIETTA, GA) — failed 2012-06-15
• DECATUR FIRST BANK (DECATUR, GA) — failed 2011-10-21
• FORT WORTH STATE BANK (FORT WORTH, TX) — failed 1990-09-27