Bank failure · TX
Southwestern Federal Savings (El Paso, TX) — failed November 30, 1989
Southwestern Federal Savings of El Paso, Texas was closed on November 30, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $126.4M in assets and $114.8M in deposits. The FDIC's estimated loss on the failure is $63.0M (49.8% of assets).
- Closing date
- November 30, 1989
- FDIC certificate #
- 31601
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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