Bank failure · TX
Bancplus Savings Association (Pasadena, TX) — failed March 9, 1989
Bancplus Savings Association of Pasadena, Texas was closed on March 9, 1989 and resolved through a purchase and assumption. United Sa of Tx, FSB (TX) took over its insured deposits. At failure it held $751.5M in assets and $923.0M in deposits. The FDIC's estimated loss on the failure is $964.2M (128.3% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 31128
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- United Sa of Tx, FSB
- Insurance fund
- RTC
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