Bank failure · TX
Texas Commercial Sa (Sulphur Springs, TX) — failed September 21, 1990
Texas Commercial Sa of Sulphur Springs, Texas was closed on September 21, 1990 and resolved through a purchase and assumption. First American Bank (TX) took over its insured deposits. At failure it held $27.7M in assets and $26.8M in deposits. The FDIC's estimated loss on the failure is $7.0M (25.1% of assets).
- Closing date
- September 21, 1990
- FDIC certificate #
- 32274
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First American Bank
- Insurance fund
- RTC
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