Bank failure · TX
Andrews Savings & Loan Assoc. (Andrews, TX) — failed December 7, 1990
Andrews Savings & Loan Assoc. of Andrews, Texas was closed on December 7, 1990 and resolved through a payout (deposit payoff). Branch Sale (NA) took over its insured deposits. At failure it held $126.1M in assets and $109.7M in deposits. The FDIC's estimated loss on the failure is $11.0M (8.7% of assets).
- Closing date
- December 7, 1990
- FDIC certificate #
- 31053
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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