Bank Failure
Capital National Bank
BankRegReports is independent of Capital National Bank and never asks for online banking logins or passwords.
Closed September 15, 1988 · Fort Worth, TX · FDIC Cert #24977.
- Closing date
- September 15, 1988
- Headquarters
- Fort Worth, TX
- FDIC Certificate
- 24977
- Total assets at closing
- $24.4M
- Total deposits at closing
- $25.7M
- Estimated loss to the insurance fund
- $7.2M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Central Bank&trust
Context
On September 15, 1988, regulators closed Capital National Bank, headquartered in Fort Worth, TX. At closing, the institution held approximately $24.4M in assets and $25.7M in deposits. The FDIC record names Central Bank&trust as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $7.2M.
By assets at closing this is the 2192nd largest of the 3,526 bank failures in the FDIC record, and the 140th of 232 in 1988. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Capital National Bank fail?
Capital National Bank was closed by regulators on September 15, 1988.
Who acquired Capital National Bank?
The FDIC record names Central Bank&trust as the acquiring institution in the resolution of Capital National Bank.
How big was Capital National Bank when it failed?
Capital National Bank had approximately $24.4M in total assets and $25.7M in deposits at the time of failure.
Other failures in 1988
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1988 | First Industrial Bank of Rocky Ford | $12.5M |
| Dec 16, 1988 | First Southwest Bank | $9.8M |
| Dec 15, 1988 | Texas National Bank | $37.7M |
| Dec 15, 1988 | First National Bank in Center | $26.1M |
| Dec 15, 1988 | Crescent City Bank & Trust Company | $24.0M |
| Dec 15, 1988 | Texas Bank of Plano | $15.1M |
| Dec 15, 1988 | First National Bank in Bogata | $13.2M |
| Dec 9, 1988 | Silverado S&LA | $2.32B |
Explore: all failures · TX bank events · 1988 events · events hub