Bank failure · TX
First South Sa (Houston, TX) — failed March 15, 1989
First South Sa of Houston, Texas was closed on March 15, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $278.0M in assets and $454.6M in deposits. The FDIC's estimated loss on the failure is $551.4M (198.3% of assets).
- Closing date
- March 15, 1989
- FDIC certificate #
- 30622
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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