Bank failure · TX
Mutual S & LA (Weatherford, TX) — failed June 1, 1990
Mutual S & LA of Weatherford, Texas was closed on June 1, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $104.8M in assets and $93.3M in deposits. The FDIC's estimated loss on the failure is $15.8M (15.0% of assets).
- Closing date
- June 1, 1990
- FDIC certificate #
- 28848
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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