Bank failure · TX
Citizens of Texas S & L Assoc. (Baytown, TX) — failed March 9, 1989
Citizens of Texas S & L Assoc. of Baytown, Texas was closed on March 9, 1989 and resolved through a purchase and assumption. West Loop S&la (TX) took over its insured deposits. At failure it held $76.4M in assets and $104.5M in deposits. The FDIC's estimated loss on the failure is $83.3M (109.1% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 31163
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- West Loop S&la
- Insurance fund
- RTC
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