Bank failure · TX
El Paso Federal Savings (El Paso, TX) — failed September 7, 1990
El Paso Federal Savings of El Paso, Texas was closed on September 7, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $433.1M in assets and $370.4M in deposits. The FDIC's estimated loss on the failure is $142.5M (32.9% of assets).
- Closing date
- September 7, 1990
- FDIC certificate #
- 27667
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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