Bank failure · TX
Excel Banc Savings Assoc. (Laredo, TX) — failed April 6, 1989
Excel Banc Savings Assoc. of Laredo, Texas was closed on April 6, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $146.7M in assets and $158.9M in deposits. The FDIC's estimated loss on the failure is $69.6M (47.5% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 30990
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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