Bank failure · TX
Savings of Texas Assoc. (Jacksonville, TX) — failed March 16, 1989
Savings of Texas Assoc. of Jacksonville, 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 $63.6M in assets and $79.8M in deposits. The FDIC's estimated loss on the failure is $62.7M (98.6% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 31779
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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