Bank failure · TX
Spring Branch S & LA (Houston, TX) — failed March 9, 1989
Spring Branch S & LA of Houston, Texas was closed on March 9, 1989 and resolved through a purchase and assumption. Coastal Banc Sa (TX) took over its insured deposits. At failure it held $99.9M in assets and $148.1M in deposits. The FDIC's estimated loss on the failure is $102.5M (102.6% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 30937
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Coastal Banc Sa
- Insurance fund
- RTC
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