Bank failure · TX
General Savings Assoc. (Henderson, TX) — failed March 16, 1989
General Savings Assoc. of Henderson, Texas was closed on March 16, 1989 and resolved through a purchase and assumption. Citizens Nb of Henderson (TX) took over its insured deposits. At failure it held $74.6M in assets and $50.2M in deposits. The FDIC's estimated loss on the failure is $25.4M (34.1% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 31791
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens Nb of Henderson
- Insurance fund
- RTC
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