Bank failure · TX
Fsa of the Southwest (Kilgore, TX) — failed July 27, 1989
Fsa of the Southwest of Kilgore, Texas was closed on July 27, 1989 and resolved through a insured deposit transfer. Kilgore Fs&la (TX) took over its insured deposits. At failure it held $45.8M in assets and $36.5M in deposits. The FDIC's estimated loss on the failure is $17.6M (38.4% of assets).
- Closing date
- July 27, 1989
- FDIC certificate #
- 32497
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Kilgore Fs&la
- Insurance fund
- RTC
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