Bank Failure
First Capital Savings ASSOC./TEXAS
BankRegReports is independent of First Capital Savings ASSOC./TEXAS and never asks for online banking logins or passwords.
Closed March 9, 1989 · Houston, TX · FDIC Cert #31571.
- Closing date
- March 9, 1989
- Headquarters
- Houston, TX
- FDIC Certificate
- 31571
- Total assets at closing
- $70.9M
- Total deposits at closing
- $108.7M
- Estimated loss to the insurance fund
- $75.4M
- Insurance fund
- Resolution Trust Corporation (RTC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- NCNB Texas National Bank
Context
On March 9, 1989, regulators closed First Capital Savings ASSOC./TEXAS, headquartered in Houston, TX. At closing, the institution held approximately $70.9M in assets and $108.7M in deposits. The FDIC record names NCNB Texas National Bank as the acquiring institution in the resolution. The estimated cost to the Resolution Trust Corporation (RTC) was approximately $75.4M.
By assets at closing this is the 1418th largest of the 3,526 bank failures in the FDIC record, and the 267th of 530 in 1989. 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 First Capital Savings ASSOC./TEXAS fail?
First Capital Savings ASSOC./TEXAS was closed by regulators on March 9, 1989.
Who acquired First Capital Savings ASSOC./TEXAS?
The FDIC record names NCNB Texas National Bank as the acquiring institution in the resolution of First Capital Savings ASSOC./TEXAS.
How big was First Capital Savings ASSOC./TEXAS when it failed?
First Capital Savings ASSOC./TEXAS had approximately $70.9M in total assets and $108.7M in deposits at the time of failure.
Other failures in 1989
| Date | Bank | Assets |
|---|---|---|
| Dec 21, 1989 | Columbia FSA | $77.1M |
| Dec 21, 1989 | Silver Savings Assoc. | $32.2M |
| Dec 20, 1989 | First City National Bank and Trust | $39.5M |
| Dec 20, 1989 | United Community Bank | $32.3M |
| Dec 15, 1989 | First American Bank and Trust | $1.38B |
| Dec 14, 1989 | Yorkridge-Calvert Federal Savings | $585.8M |
| Dec 14, 1989 | Louisiana Savings Assn. | $449.3M |
| Dec 14, 1989 | First Acadiana Bank | $46.8M |
Explore: all failures · TX bank events · 1989 events · events hub