SECURITY S&LA Failed 1988
What happened
SECURITY S&LA of DICKINSON, TX was closed on 1988-05-13. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to COASTAL BANC SA (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1746
- FDIC Certificate
- 31151
- FDIC FIN
- 1794
- Bank name
- SECURITY S&LA
- Location
- DICKINSON, TX
- Failure date
- 1988-05-13
- FDIC resolution date
- 1988-05-13
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $68M
- Deposits at failure
- $112M
- Assets at failure
- $106M
- Acquiring bank
- COASTAL BANC SA (HOUSTON, TX)
Other banks COASTAL BANC SA acquired in FDIC resolutions