Bank failure · TX
Universal Sa (Houston, TX) — failed March 9, 1989
Universal Sa of Houston, Texas was closed on March 9, 1989 and resolved through a insured deposit transfer. Channelview Bank (TX) took over its insured deposits. At failure it held $142.1M in assets and $260.4M in deposits. The FDIC's estimated loss on the failure is $290.0M (204.0% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 31582
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Channelview Bank
- Insurance fund
- RTC
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