Bank failure · TX
East Texas S & LA Association (Tyler, TX) — failed September 21, 1989
East Texas S & LA Association of Tyler, Texas was closed on September 21, 1989 and resolved through a purchase and assumption. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $362.4M in assets and $213.7M in deposits. The FDIC's estimated loss on the failure is $63.2M (17.4% of assets).
- Closing date
- September 21, 1989
- FDIC certificate #
- 28187
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Ncnb Texas National Bank
- Insurance fund
- RTC
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