MIDWAY NATIONAL BANK Failed 1990

What happened

MIDWAY NATIONAL BANK of DALLAS, TX was closed on 1990-05-24. The FDIC was named receiver.

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

Deposits were transferred to COMERICA BANK-TEXAS (DALLAS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2776

FDIC Certificate

25100

FDIC FIN

4206

Bank name

MIDWAY NATIONAL BANK

Location

DALLAS, TX

Failure date

1990-05-24

FDIC resolution date

1990-05-24

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$4M

Deposits at failure

$17M

Assets at failure

$16M

Acquiring bank

COMERICA BANK-TEXAS (DALLAS, TX)

Other banks COMERICA BANK-TEXAS acquired in FDIC resolutions

• METROPOLITAN NATIONAL BANK (FARMERS BRANCH, TX) — failed 1991-01-24
• CITY NATIONAL BANK OF IRVING (IRVING, TX) — failed 1990-09-20
• CHISHOLM NATIONAL BANK (PLANO, TX) — failed 1990-08-30
• COMMONWEALTH NATIONAL BANK (DALLAS, TX) — failed 1990-05-10
• FORESTWOOD NATIONAL BANK OF DALLAS (DALLAS, TX) — failed 1989-07-27