Data / Bank failures / 1989 / Capitol City Federal Savings
Capitol City Federal Savings, Austin, TX: failed July 27, 1989
Capitol City Federal Savings in Austin, Texas, failed on July 27, 1989. Banc One TX, NA of Dallas, TX, took over its deposits. It held $528.2 million in assets and $397.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $214.8 million (40.7% of its assets). By assets it was the 65th largest of 534 banks closed or assisted in 1989.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- July 27, 1989
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Banc One TX, NA, Dallas, TX
- Total assets
- $528,171,000
- Total deposits
- $397,111,000
- Estimated cost to the FDIC
- $214,790,150 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31630
Other bank failures in Texas, 1987 to 1991
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Alvarado National Bank | Alvarado | November 14, 1991 | $9.2 million | $9.5 million | $2.8 million | The First National Bank in |
| Union Bank | San Antonio | October 31, 1991 | $84.9 million | $85.2 million | $8.9 million | Channelview Bank |
| First National Bank, Bedford | Bedford | October 24, 1991 | $23.2 million | $23.3 million | $2.4 million | First International Bank |
| First Federal Savings | Lubbock | October 11, 1991 | $223.7 million | $222.5 million | $5.2 million | First NB of Lubbock |
| Reagan State Bank | Big Lake | October 3, 1991 | $20.3 million | $20.9 million | $4.6 million | Security State Bank |
| First Federal Savings | Beaumont | September 27, 1991 | $251.2 million | $251.7 million | $24.9 million | Kilgore FS&LA |
| Davy Crockett FS & La | Crockett | September 13, 1991 | $50.5 million | $48.3 million | $2.3 million | |
| The San Saba National Bank | San Saba | August 29, 1991 | $15.6 million | $15.5 million | $1.1 million | First Llano Bank |
Other failed banks Banc One TX, NA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Federal Savings of Conroe | Conroe | TX | May 18, 1990 | $174.3 million | $146.2 million | $29.6 million | Banc One TX, NA |
| Benjamin Franklin Sa | Houston | TX | March 9, 1989 | $2.64 billion | $2.00 billion | $882.2 million | Banc One TX, NA |
| First State Savings | San Antonio | TX | March 2, 1989 | $217 million | $325.1 million | $307.6 million | Banc One TX, NA |
All bank failures in 1989 · All bank failures in Texas · Every failed bank Banc One TX, NA took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.