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Bank Failure

EVERMAN NATIONAL BANK OF FORT WORTH

Closed March 30, 1990 · FORT WORTH , TX · FDIC Cert #18840 .

Closing date
March 30, 1990
Headquarters
FORT WORTH , TX
FDIC Certificate
18840
Total assets at closing
$65.9M
Total deposits at closing
$65.5M
Estimated loss to DIF
$11.4M
Resolution type
other
Acquirer
BANK ONE, TEXAS, NATIONAL A (FDIC Cert #4175)

Context

On March 30, 1990, regulators closed EVERMAN NATIONAL BANK OF FORT WORTH , headquartered in FORT WORTH , TX . At closing, the institution held approximately $65.9M in assets and $65.5M in deposits . The FDIC arranged a resolution under which BANK ONE, TEXAS, NATIONAL A acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $11.4M.

Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.

Other failures in 1990

Date Bank HQ Assets
1990-12-28 CAPITOL BANK AND TRUST COMPANY BOSTON , MA $485.6M
1990-12-28 SOUTHERN FS NEW ORLEANS , LA $230.8M
1990-12-28 FIRST FS & LA OF ANDALUSIA ANDALUSIA , AL $38.7M
1990-12-27 ENTERPRISE SAVINGS BANK, FA CHICAGO , IL $432.6M
1990-12-21 ARKANSAS FSB LITTLE ROCK , AR $71.7M
1990-12-15 MID-AMERICA FS & LA COLUMBUS , OH $1.21B
1990-12-14 COMMUNITY FS & LA ST. LOUIS , MO $1.98B
1990-12-14 COMFED SAVINGS BANK LOWELL , MA $1.40B