Bank failure · TX
Rusk Fed. S & L Assoc. (Rusk, TX) — failed March 16, 1989
Rusk Fed. S & L Assoc. of Rusk, Texas was closed on March 16, 1989 and resolved through a insured deposit transfer. Citizens Bank (TX) took over its insured deposits. At failure it held $44.6M in assets and $47.2M in deposits. The FDIC's estimated loss on the failure is $24.6M (55.2% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 29038
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Citizens Bank
- Insurance fund
- RTC
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