Bank failure · TX
University Federal Savings (Houston, TX) — failed February 14, 1989
University Federal Savings of Houston, Texas was closed on February 14, 1989 and resolved through a purchase and assumption. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $4.5B in assets and $3.8B in deposits. The FDIC's estimated loss on the failure is $2.2B (48.6% of assets).
- Closing date
- February 14, 1989
- FDIC certificate #
- 30685
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Ncnb Texas National Bank
- Insurance fund
- RTC
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