Data / Bank failures / 1988 / Capital National Bank
Capital National Bank, Fort Worth, TX: failed September 15, 1988
Capital National Bank in Fort Worth, Texas, failed on September 15, 1988. Central BANK&TRUST of Fort Worth, TX, took over its deposits. It held $24.4 million in assets and $25.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.2 million (29.4% of its assets). By assets it was the 363rd largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- September 15, 1988
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Central BANK&TRUST, Fort Worth, TX
- Total assets
- $24,363,000
- Total deposits
- $25,701,000
- Estimated cost to the FDIC
- $7,165,008 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 24977
Other bank failures in Texas, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Peoples State Bank | Dallas | December 14, 1990 | $30.3 million | $30.6 million | $6.3 million | Comerica Bank - Texas |
| The State Bank of Omaha | Omaha | December 14, 1990 | $20.5 million | $20.6 million | $5.3 million | The First National Bank of |
| Washington County State Bank | Brenham | December 13, 1990 | $77.7 million | $77.5 million | $9.4 million | Channelview Bank |
| Andrews Savings & Loan Assoc. | Andrews | December 7, 1990 | $126.1 million | $109.7 million | $11 million | |
| First National Bank of Rowlett | Rowlett | December 7, 1990 | $20.5 million | $21.4 million | $6.5 million | U.S. Trust Company of Texas |
| Heights Bank | Harker Heights | December 7, 1990 | $28.8 million | $27 million | $4.7 million | Heights State Bank |
| First Southwest FS & La | Tyler | November 30, 1990 | $51.2 million | $45.3 million | $4.9 million | Citizens Bank |
| Atascosa Sa | Jourdanton | November 30, 1990 | $34.7 million | $32.9 million | $7.1 million |
Other failed banks Central BANK&TRUST took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| American Bank of Haltom City | Haltom City | TX | February 5, 1993 | $99.5 million | $100.2 million | $14.5 million | Central BANK&TRUST |
| Landmark Bank of Forth Worth | Fort Worth | TX | February 6, 1992 | $80.5 million | $80.5 million | $17.5 million | Central BANK&TRUST |
All bank failures in 1988 · All bank failures in Texas · Every failed bank Central BANK&TRUST took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.