Bank failure · TX
Gill Sa (San Antonio, TX) — failed February 7, 1989
Gill Sa of San Antonio, Texas was closed on February 7, 1989 and resolved through a purchase and assumption. Sunbelt Savings (TX) took over its insured deposits. At failure it held $1.2B in assets and $1.4B in deposits. The FDIC's estimated loss on the failure is $1.7B (137.5% of assets).
- Closing date
- February 7, 1989
- FDIC certificate #
- 31503
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Sunbelt Savings
- Insurance fund
- RTC
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