Data / Bank failures / 1988 / Fidelity National Bank of Fort Worth
Fidelity National Bank of Fort Worth, Fort Worth, TX: failed October 6, 1988
Fidelity National Bank of Fort Worth in Fort Worth, Texas, failed on October 6, 1988. Fidelity Bank of Fort Worth, TX, took over its deposits. It held $33.8 million in assets and $32.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $10.6 million (31.2% of its assets). By assets it was the 322nd largest of 470 banks closed or assisted in 1988.
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
- October 6, 1988
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Fidelity Bank, Fort Worth, TX
- Total assets
- $33,844,000
- Total deposits
- $32,509,000
- Estimated cost to the FDIC
- $10,570,459 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 25701
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 Fidelity Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Bank of Georgia | Peachtree City | GA | October 2, 2015 | $286.1 million | $264.2 million | $27.8 million | Fidelity Bank |
| Security Exchange Bank | Marietta | GA | June 15, 2012 | $151 million | $147.9 million | $44.8 million | Fidelity Bank |
| Decatur First Bank | Decatur | GA | October 21, 2011 | $184.8 million | $172 million | $24.6 million | Fidelity Bank |
| Fort Worth State Bank | Fort Worth | TX | September 27, 1990 | $20.7 million | $22.2 million | $9.3 million | Fidelity Bank |
All bank failures in 1988 · All bank failures in Texas · Every failed bank Fidelity Bank 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.