Bank failure · TX
Bexar Savings Association (San Antonio, TX) — failed March 2, 1989
Bexar Savings Association of San Antonio, Texas was closed on March 2, 1989 and resolved through a purchase and assumption. Sunbelt Savings (TX) took over its insured deposits. At failure it held $813.6M in assets and $799.2M in deposits. The FDIC's estimated loss on the failure is $652.9M (80.2% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 32462
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Sunbelt Savings
- Insurance fund
- RTC
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