FORT WORTH STATE BANK Failed 1990

What happened

FORT WORTH STATE BANK of FORT WORTH, TX was closed on 1990-09-27. 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

2912

FDIC Certificate

26475

FDIC FIN

4279

Bank name

FORT WORTH STATE BANK

Location

FORT WORTH, TX

Failure date

1990-09-27

FDIC resolution date

1990-09-27

Charter type

State commercial bank, non-Federal Reserve member (FDIC-supervised)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$9M

Deposits at failure

$22M

Assets at failure

$21M

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
• FIDELITY NATIONAL BANK OF FORT WORTH (FORT WORTH, TX) — failed 1988-10-06