Bank failure · TX
Sabine Valley S & L Assoc. (Center, TX) — failed March 16, 1989
Sabine Valley S & L Assoc. of Center, Texas was closed on March 16, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $41.1M in assets and $29.1M in deposits. The FDIC's estimated loss on the failure is $11.0M (26.7% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 31096
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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