Bank failure · TX
San Jacinto Savings (Houston, TX) — failed November 30, 1990
San Jacinto Savings of Houston, Texas was closed on November 30, 1990 and resolved through a purchase and assumption. United Sa of Tx, FSB (TX) took over its insured deposits. At failure it held $2.9B in assets and $2.9B in deposits. The FDIC's estimated loss on the failure is $1.7B (59.3% of assets).
- Closing date
- November 30, 1990
- FDIC certificate #
- 31058
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- United Sa of Tx, FSB
- Insurance fund
- RTC
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