Bank failure · TX
Taylorbanc Federal S & L (Taylor, TX) — failed August 17, 1989
Taylorbanc Federal S & L of Taylor, Texas was closed on August 17, 1989 and resolved through a purchase and assumption. Kilgore Fs&la (TX) took over its insured deposits. At failure it held $139.5M in assets and $137.4M in deposits. The FDIC's estimated loss on the failure is $47.6M (34.1% of assets).
- Closing date
- August 17, 1989
- FDIC certificate #
- 30486
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Kilgore Fs&la
- Insurance fund
- RTC
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