Bank Failure
Texas Commercial Sa
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Closed September 21, 1990 · Sulphur Springs, TX · FDIC Cert #32274.
- Closing date
- September 21, 1990
- Headquarters
- Sulphur Springs, TX
- FDIC Certificate
- 32274
- Total assets at closing
- $27.7M
- Total deposits at closing
- $26.8M
- Estimated loss to the insurance fund
- $7.0M
- Insurance fund
- Resolution Trust Corporation (RTC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- First American Bank
Context
On September 21, 1990, regulators closed Texas Commercial Sa, headquartered in Sulphur Springs, TX. At closing, the institution held approximately $27.7M in assets and $26.8M in deposits. The FDIC record names First American Bank as the acquiring institution in the resolution. The estimated cost to the Resolution Trust Corporation (RTC) was approximately $7.0M.
By assets at closing this is the 2104th largest of the 3,526 bank failures in the FDIC record, and the 283rd of 381 in 1990. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Texas Commercial Sa fail?
Texas Commercial Sa was closed by regulators on September 21, 1990.
Who acquired Texas Commercial Sa?
The FDIC record names First American Bank as the acquiring institution in the resolution of Texas Commercial Sa.
How big was Texas Commercial Sa when it failed?
Texas Commercial Sa had approximately $27.7M in total assets and $26.8M in deposits at the time of failure.
Other failures in 1990
| Date | Bank | Assets |
|---|---|---|
| Dec 28, 1990 | Capitol Bank and Trust Company | $485.6M |
| Dec 28, 1990 | Southern FS | $230.8M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Dec 27, 1990 | Enterprise Savings Bank, F.A. | $432.6M |
| Dec 21, 1990 | Arkansas FSB | $71.7M |
| Dec 15, 1990 | Mid-America FS & La | $1.21B |
| Dec 14, 1990 | Community FS & La | $1.98B |
| Dec 14, 1990 | Comfed Savings Bank | $1.40B |
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