CAPITAL BANK Failed 1991

What happened

CAPITAL BANK of DALLAS, TX was closed on 1991-05-16. The FDIC was named receiver.

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

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

Key facts

FDIC ID

3102

FDIC Certificate

19935

FDIC FIN

4355

Bank name

CAPITAL BANK

Location

DALLAS, TX

Failure date

1991-05-16

FDIC resolution date

1991-05-16

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.)

$25M

Deposits at failure

$105M

Assets at failure

$112M

Acquiring bank

BANK ONE, TEXAS, NATIONAL A (DALLAS, TX)

Other banks BANK ONE, TEXAS, NATIONAL A acquired in FDIC resolutions

• BANK OF ARLINGTON (ARLINGTON, TX) — failed 1990-11-29
• NORTHSIDE BANK (SAN ANTONIO, TX) — failed 1990-09-06
• UNITED BANK OF WACO, NATIONAL ASSOC (WACO, TX) — failed 1990-08-02
• TRINITY NATIONAL BANK OF DALLAS (DALLAS, TX) — failed 1990-04-26
• EVERMAN NATIONAL BANK OF FORT WORTH (FORT WORTH, TX) — failed 1990-03-30