Bank failure · TX
Bedford Savings Assoc. (Bedford, TX) — failed April 6, 1989
Bedford Savings Assoc. of Bedford, Texas was closed on April 6, 1989 and resolved through a purchase and assumption. First American Savings Banc (TX) took over its insured deposits. At failure it held $90.8M in assets and $102.7M in deposits. The FDIC's estimated loss on the failure is $75.5M (83.2% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 32278
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First American Savings Banc
- Insurance fund
- RTC
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