NOWLIN SA Failed 1990
What happened
NOWLIN SA of FT. WORTH, TX was closed on 1990-02-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMERICA BANK-TX (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2679
- FDIC Certificate
- 31801
- FDIC FIN
- 7409
- Bank name
- NOWLIN SA
- Location
- FT. WORTH, TX
- Failure date
- 1990-02-23
- FDIC resolution date
- 1991-08-16
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $58M
- Deposits at failure
- $196M
- Assets at failure
- $201M
- Acquiring bank
- COMERICA BANK-TX (DALLAS, TX)
Other banks COMERICA BANK-TX acquired in FDIC resolutions