Bank failure · TX
Century Savings & Loan (Baytown, TX) — failed March 9, 1989
Century Savings & Loan of Baytown, Texas was closed on March 9, 1989 and resolved through a insured deposit transfer. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $58.7M in assets and $87.8M in deposits. The FDIC's estimated loss on the failure is $57.4M (97.9% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 31707
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Ncnb Texas National Bank
- Insurance fund
- RTC
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