Bank failure · TX
Amigo Fs & LA (Brownsville, TX) — failed August 3, 1990
Amigo Fs & LA of Brownsville, Texas was closed on August 3, 1990 and resolved through a purchase and assumption. Brownsville Nb (TX) took over its insured deposits. At failure it held $20.7M in assets and $20.8M in deposits. The FDIC's estimated loss on the failure is $5.2M (25.1% of assets).
- Closing date
- August 3, 1990
- FDIC certificate #
- 31956
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Brownsville Nb
- Insurance fund
- RTC
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