Bank failure · TX
First Garland Fed. S & L (Garland, TX) — failed September 21, 1989
First Garland Fed. S & L of Garland, Texas was closed on September 21, 1989 and resolved through a purchase and assumption. Kilgore Fs&la (TX) took over its insured deposits. At failure it held $132.4M in assets and $106.4M in deposits. The FDIC's estimated loss on the failure is $31.9M (24.1% of assets).
- Closing date
- September 21, 1989
- FDIC certificate #
- 29660
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Kilgore Fs&la
- Insurance fund
- RTC
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