Bank failure · TX
Security Savings Association (Texarkana, TX) — failed March 16, 1989
Security Savings Association of Texarkana, 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 $236.3M in assets and $471.4M in deposits. The FDIC's estimated loss on the failure is $563.2M (238.3% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 32544
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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