Bank failure · TX
Southwest Savings Association (Dallas, TX) — failed May 18, 1990
Southwest Savings Association of Dallas, Texas was closed on May 18, 1990 and resolved through a purchase and assumption (insured deposits). Branch Sale (NA) took over its insured deposits. At failure it held $5.3B in assets and $3.8B in deposits. The FDIC's estimated loss on the failure is $390.5M (7.3% of assets).
- Closing date
- May 18, 1990
- FDIC certificate #
- 30592
- Resolution
- Purchase and assumption (insured deposits) (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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