Bank failure · TX
Deep East Texas Sa (Jasper, TX) — failed March 16, 1989
Deep East Texas Sa of Jasper, Texas was closed on March 16, 1989 and resolved through a purchase and assumption. Community Bank (TX) took over its insured deposits. At failure it held $53.6M in assets and $56.4M in deposits. The FDIC's estimated loss on the failure is $28.0M (52.3% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 31799
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Community Bank
- Insurance fund
- RTC
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