Bank failure · TX
Continental Savings, a Fs & LA (Bellaire, TX) — failed March 9, 1989
Continental Savings, a Fs & LA of Bellaire, Texas was closed on March 9, 1989 and resolved through a payout (deposit payoff). Branch Sale (NA) took over its insured deposits. At failure it held $354.6M in assets and $587.4M in deposits. The FDIC's estimated loss on the failure is $803.3M (226.6% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 32616
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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