Bank failure · TX
Metropolitan Financial Fs & LA (Dallas, TX) — failed August 10, 1989
Metropolitan Financial Fs & LA of Dallas, Texas was closed on August 10, 1989 and resolved through a purchase and assumption. United Sa of the Sw, FSB (TX) took over its insured deposits. At failure it held $799.5M in assets and $663.3M in deposits. The FDIC's estimated loss on the failure is $317.7M (39.7% of assets).
- Closing date
- August 10, 1989
- FDIC certificate #
- 27651
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- United Sa of the Sw, FSB
- Insurance fund
- RTC
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