Bank failure · TX
Bayshore Sa (Laporte, TX) — failed March 9, 1989
Bayshore Sa of Laporte, Texas was closed on March 9, 1989 and resolved through a purchase and assumption. Bnb Sa, Fsa (TX) took over its insured deposits. At failure it held $39.4M in assets and $56.8M in deposits. The FDIC's estimated loss on the failure is $33.0M (83.8% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 30925
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bnb Sa, Fsa
- Insurance fund
- RTC
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