Bank failure · TX

Remington Federal Savings Assoc. (Elgin, TX) — failed May 25, 1990

Remington Federal Savings Assoc. of Elgin, Texas was closed on May 25, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $127.0M in assets and $113.9M in deposits. The FDIC's estimated loss on the failure is $63.2M (49.8% of assets).