Bank failure · TX
Bannerbanc Fs & LA (Garland, TX) — failed January 4, 1990
Bannerbanc Fs & LA of Garland, Texas was closed on January 4, 1990 and resolved through a insured deposit transfer. Colonial S&la (TX) took over its insured deposits. At failure it held $46.0M in assets and $55.6M in deposits. The FDIC's estimated loss on the failure is $28.0M (60.9% of assets).
- Closing date
- January 4, 1990
- FDIC certificate #
- 30995
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Colonial S&la
- Insurance fund
- RTC
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