Bank failure · TX
Denton Federal Savings (Denton, TX) — failed August 24, 1989
Denton Federal Savings of Denton, Texas was closed on August 24, 1989 and resolved through a purchase and assumption. Kilgore Fs&la (TX) took over its insured deposits. At failure it held $142.7M in assets and $148.0M in deposits. The FDIC's estimated loss on the failure is $32.0M (22.4% of assets).
- Closing date
- August 24, 1989
- FDIC certificate #
- 28760
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Kilgore Fs&la
- Insurance fund
- RTC
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