Bank Failure
North Texas FSA
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Closed July 13, 1990 · Wichita Falls, TX · FDIC Cert #28787.
- Closing date
- July 13, 1990
- Headquarters
- Wichita Falls, TX
- FDIC Certificate
- 28787
- Total assets at closing
- $97.0M
- Total deposits at closing
- $95.9M
- Estimated loss to the insurance fund
- $8.2M
- Insurance fund
- Resolution Trust Corporation (RTC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Team Bank
Context
On July 13, 1990, regulators closed North Texas FSA, headquartered in Wichita Falls, TX. At closing, the institution held approximately $97.0M in assets and $95.9M in deposits. The FDIC record names Team Bank as the acquiring institution in the resolution. The estimated cost to the Resolution Trust Corporation (RTC) was approximately $8.2M.
By assets at closing this is the 1221st largest of the 3,526 bank failures in the FDIC record, and the 158th of 381 in 1990. 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 North Texas FSA fail?
North Texas FSA was closed by regulators on July 13, 1990.
Who acquired North Texas FSA?
The FDIC record names Team Bank as the acquiring institution in the resolution of North Texas FSA.
How big was North Texas FSA when it failed?
North Texas FSA had approximately $97.0M in total assets and $95.9M in deposits at the time of failure.
Other failures in 1990
| Date | Bank | Assets |
|---|---|---|
| Dec 28, 1990 | Capitol Bank and Trust Company | $485.6M |
| Dec 28, 1990 | Southern FS | $230.8M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Dec 27, 1990 | Enterprise Savings Bank, F.A. | $432.6M |
| Dec 21, 1990 | Arkansas FSB | $71.7M |
| Dec 15, 1990 | Mid-America FS & La | $1.21B |
| Dec 14, 1990 | Community FS & La | $1.98B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
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