Bank failure · TX
Hearne Building & Loan Assoc. (Hearne, TX) — failed August 17, 1989
Hearne Building & Loan Assoc. of Hearne, Texas was closed on August 17, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $27.1M in assets and $25.9M in deposits. The FDIC's estimated loss on the failure is $6.0M (22.0% of assets).
- Closing date
- August 17, 1989
- FDIC certificate #
- 30452
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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