Bank failure · TX
Hidalgo Savings & Loan (Edinburg, TX) — failed September 21, 1990
Hidalgo Savings & Loan of Edinburg, Texas was closed on September 21, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $154.8M in assets and $122.0M in deposits. The FDIC's estimated loss on the failure is $34.3M (22.1% of assets).
- Closing date
- September 21, 1990
- FDIC certificate #
- 31080
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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