Bank failure · TX
First Savings of Laredo (Laredo, TX) — failed September 14, 1989
First Savings of Laredo of Laredo, Texas was closed on September 14, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $171.2M in assets and $157.6M in deposits. The FDIC's estimated loss on the failure is $119.1M (69.6% of assets).
- Closing date
- September 14, 1989
- FDIC certificate #
- 28912
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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