Bank failure · TX
Padre Federal S & L (Corpus Christi, TX) — failed March 2, 1989
Padre Federal S & L of Corpus Christi, Texas was closed on March 2, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $18.4M in assets and $31.9M in deposits. The FDIC's estimated loss on the failure is $24.3M (131.7% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 31625
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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