CAPITAL BANK-NORTHWEST, NATIONAL Failed 1989

What happened

CAPITAL BANK-NORTHWEST, NATIONAL of SAN ANTONIO, TX was closed on 1989-06-15. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to MCMULLEN COUNTY STATE BANK (TILDEN, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2391

FDIC Certificate

25308

FDIC FIN

5972

Bank name

CAPITAL BANK-NORTHWEST, NATIONAL

Location

SAN ANTONIO, TX

Failure date

1989-06-15

FDIC resolution date

1989-06-15

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$4M

Deposits at failure

$17M

Assets at failure

$16M

Acquiring bank

MCMULLEN COUNTY STATE BANK (TILDEN, TX)