WASHINGTON -- Comerica Bank-Texas said it paid $1.8 million for $39.1 million of insured deposits and $7.8 million of assets of Fidelity National Bank of Houston, which was closed Thursday by the Office of the Comptroller of the Currency.
The Dallas subsidiary of Detroit-based Comerica Inc. absorbed the failed bank's four offices and 4,800 insured accounts. Another 73 accounts with $3.1 million exceeded the Federal Deposit Insurance Corp.'s $100,000 ceiling.
The Comptroller said Fidelity's obligations exceeded its $46.5 million of assets, and the bank had failed to comply with a December 1992 consent order.
