Bank failure · TX

Centre Sa, Fa (Arlington, TX) — failed August 16, 1991

Centre Sa, Fa of Arlington, Texas was closed on August 16, 1991 and resolved through a purchase and assumption. American Fb, FSB (TX) took over its insured deposits. At failure it held $15.2M in assets and $15.6M in deposits. The FDIC's estimated loss on the failure is $4.7M (30.7% of assets).