Bank failure · TX

First Federal Savings of Conroe (Conroe, TX) — failed May 18, 1990

First Federal Savings of Conroe of Conroe, Texas was closed on May 18, 1990 and resolved through a purchase and assumption. Banc One Tx, NA (TX) took over its insured deposits. At failure it held $174.3M in assets and $146.2M in deposits. The FDIC's estimated loss on the failure is $29.6M (17.0% of assets).