Bank failure · TX
First Savings & Loan (Waco, TX) — failed July 13, 1989
First Savings & Loan of Waco, Texas was closed on July 13, 1989 and resolved through a purchase and assumption. Kilgore Fs&la (TX) took over its insured deposits. At failure it held $373.7M in assets and $415.7M in deposits. The FDIC's estimated loss on the failure is $141.8M (37.9% of assets).
- Closing date
- July 13, 1989
- FDIC certificate #
- 27874
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Kilgore Fs&la
- Insurance fund
- RTC
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