Bank failure · TX
Bankers S & L Assoc. (Galveston, TX) — failed March 9, 1989
Bankers S & L Assoc. of Galveston, Texas was closed on March 9, 1989 and resolved through a purchase and assumption. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $106.4M in assets and $115.1M in deposits. The FDIC's estimated loss on the failure is $20.2M (19.0% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 27627
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Ncnb Texas National Bank
- Insurance fund
- RTC
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