Bank failure · TX
Permian S & L Assoc. (Kermit, TX) — failed March 2, 1989
Permian S & L Assoc. of Kermit, 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 $10.8M in assets and $12.1M in deposits. The FDIC's estimated loss on the failure is $2.5M (22.8% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 31116
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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