Bank failure · TX
Southeastern Savings Assoc. (Dayton, TX) — failed March 9, 1989
Southeastern Savings Assoc. of Dayton, Texas was closed on March 9, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $44.7M in assets and $73.0M in deposits. The FDIC's estimated loss on the failure is $79.5M (177.9% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 31909
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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