Data / Bank failures / 1989 / Forestwood National Bank of Dallas
Forestwood National Bank of Dallas, Dallas, TX: failed July 27, 1989
Forestwood National Bank of Dallas in Dallas, Texas, failed on July 27, 1989. Comerica Bank-Texas of Dallas, TX, took over its deposits. It held $62 million in assets and $63.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $24.3 million (39.1% of its assets). By assets it was the 288th largest of 534 banks closed or assisted in 1989.
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The FDIC's record
- Closed
- July 27, 1989
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Comerica Bank-Texas, Dallas, TX
- Total assets
- $62,015,000
- Total deposits
- $63,231,000
- Estimated cost to the FDIC
- $24,264,031 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- FDIC
- FDIC certificate
- 23026
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 Comerica Bank-Texas took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Metropolitan National Bank | Farmers Branch | TX | January 24, 1991 | $97.3 million | $98.5 million | $15.4 million | Comerica Bank-Texas |
| City National Bank of Irving | Irving | TX | September 20, 1990 | $32.1 million | $33.8 million | $5.8 million | Comerica Bank-Texas |
| Chisholm National Bank | Plano | TX | August 30, 1990 | $20.9 million | $21.2 million | $3.9 million | Comerica Bank-Texas |
| Midway National Bank | Dallas | TX | May 24, 1990 | $16.4 million | $17.1 million | $4.5 million | Comerica Bank-Texas |
| Commonwealth National Bank | Dallas | TX | May 10, 1990 | $44.5 million | $45.7 million | $2.3 million | Comerica Bank-Texas |
All bank failures in 1989 · All bank failures in Texas · Every failed bank Comerica Bank-Texas 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.