Bank failure · TX
First Equity Sa (Tomball, TX) — failed March 9, 1989
First Equity Sa of Tomball, Texas was closed on March 9, 1989 and resolved through a purchase and assumption. Kilgore Fs&la (TX) took over its insured deposits. At failure it held $87.1M in assets and $120.5M in deposits. The FDIC's estimated loss on the failure is $91.3M (104.8% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 31767
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Kilgore Fs&la
- Insurance fund
- RTC
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