Bank failure · TX
Karnes County Fs & LA (Karnes City, TX) — failed January 18, 1990
Karnes County Fs & LA of Karnes City, Texas was closed on January 18, 1990 and resolved through a insured deposit transfer. Victoria B&tc (TX) took over its insured deposits. At failure it held $53.1M in assets and $56.7M in deposits. The FDIC's estimated loss on the failure is $24.7M (46.5% of assets).
- Closing date
- January 18, 1990
- FDIC certificate #
- 31463
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Victoria B&tc
- Insurance fund
- RTC
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