Bank failure · TX
Suburban Savings Assoc. (San Antonio, TX) — failed March 2, 1989
Suburban Savings Assoc. of San Antonio, Texas was closed on March 2, 1989 and resolved through a purchase and assumption. Plaza Bank, NA (TX) took over its insured deposits. At failure it held $49.2M in assets and $50.3M in deposits. The FDIC's estimated loss on the failure is $29.5M (59.9% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 31874
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Plaza Bank, NA
- Insurance fund
- RTC
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