FIDELITY NATIONAL BANK Failed 1993

What happened

FIDELITY NATIONAL BANK of HOUSTON, TX was closed on 1993-07-22. The FDIC was named receiver.

Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors

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

Key facts

FDIC ID

3468

FDIC Certificate

24757

FDIC FIN

4592

Bank name

FIDELITY NATIONAL BANK

Location

HOUSTON, TX

Failure date

1993-07-22

FDIC resolution date

1993-07-22

Charter type

National commercial bank (OCC-chartered)

Resolution type

Payout / Insured deposits — FDIC paid insured deposits directly to depositors

FDIC DIF cost (est.)

$5M

Deposits at failure

$50M

Assets at failure

$53M

Acquiring bank

COMERICA BANK TEXAS (DALLAS, TX)