Bank failure · TX
Benjamin Franklin Sa (Houston, TX) — failed March 9, 1989
Benjamin Franklin Sa of Houston, Texas was closed on March 9, 1989 and resolved through a purchase and assumption. Banc One Tx, NA (TX) took over its insured deposits. At failure it held $2.6B in assets and $2.0B in deposits. The FDIC's estimated loss on the failure is $882.2M (33.4% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 30761
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Banc One Tx, NA
- Insurance fund
- RTC
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