Bank failure · TX
Jefferson S & L Assoc. (Beaumont, TX) — failed March 16, 1989
Jefferson S & L Assoc. of Beaumont, Texas was closed on March 16, 1989 and resolved through a insured deposit transfer. Kilgore Fs&la (TX) took over its insured deposits. At failure it held $119.1M in assets and $125.7M in deposits. The FDIC's estimated loss on the failure is $85.1M (71.4% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 31402
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Kilgore Fs&la
- Insurance fund
- RTC
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