Bank Failure
Landmark Bank of Forth Worth
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Closed February 6, 1992 · Fort Worth, TX · FDIC Cert #25146.
- Closing date
- February 6, 1992
- Headquarters
- Fort Worth, TX
- FDIC Certificate
- 25146
- Total assets at closing
- $80.5M
- Total deposits at closing
- $80.5M
- Estimated loss to the insurance fund
- $17.5M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Central Bank&trust
Context
On February 6, 1992, regulators closed Landmark Bank of Forth Worth, headquartered in Fort Worth, TX. At closing, the institution held approximately $80.5M in assets and $80.5M in deposits. The FDIC record names Central Bank&trust as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $17.5M.
By assets at closing this is the 1336th largest of the 3,526 bank failures in the FDIC record, and the 101st of 179 in 1992. 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 Landmark Bank of Forth Worth fail?
Landmark Bank of Forth Worth was closed by regulators on February 6, 1992.
Who acquired Landmark Bank of Forth Worth?
The FDIC record names Central Bank&trust as the acquiring institution in the resolution of Landmark Bank of Forth Worth.
How big was Landmark Bank of Forth Worth when it failed?
Landmark Bank of Forth Worth had approximately $80.5M in total assets and $80.5M in deposits at the time of failure.
Other failures in 1992
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 1992 | The Rushville National Bank | $41.6M |
| Dec 18, 1992 | The Bremen State Bank | $2.7M |
| Dec 11, 1992 | Meritor Savings Bank | $4.13B |
| Dec 11, 1992 | Eastland Savings Bank | $515.3M |
| Dec 11, 1992 | Eastland Bank | $85.4M |
| Dec 11, 1992 | Sailors & Merchants B&T Co. | $34.8M |
| Dec 8, 1992 | Palm Beach FSA | $59.4M |
| Dec 4, 1992 | Carteret FSB | $4.83B |
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