FORESTWOOD NATIONAL BANK OF DALLAS Failed 1989
What happened
FORESTWOOD NATIONAL BANK OF DALLAS of DALLAS, TX was closed on 1989-07-27. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to COMERICA BANK-TEXAS (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2453
- FDIC Certificate
- 23026
- FDIC FIN
- 5979
- Bank name
- FORESTWOOD NATIONAL BANK OF DALLAS
- Location
- DALLAS, TX
- Failure date
- 1989-07-27
- FDIC resolution date
- 1989-07-27
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $24M
- Deposits at failure
- $63M
- Assets at failure
- $62M
- Acquiring bank
- COMERICA BANK-TEXAS (DALLAS, TX)
Other banks COMERICA BANK-TEXAS acquired in FDIC resolutions