# SECURITY S&LA

> **Failed bank** · DICKINSON, TX · failed 1988-05-13 · SL · FDIC cost $68M

## What happened

SECURITY S&LA of DICKINSON, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $68M
- **Deposits at failure:** $112M
- **Assets at failure:** $106M
- **Acquiring bank:** COASTAL BANC SA (HOUSTON, TX)

## Other banks COASTAL BANC SA has acquired in FDIC resolutions

- SPRING BRANCH S & LA (HOUSTON, TX) — failed 1989-03-09 — /failed-bank/2194
- ALLIANCE S&LA (HOUSTON) (AUSTIN, TX) — failed 1988-05-13 — /failed-bank/1748
- CAMERON COUNTY S&LA (SAN BENITO, TX) — failed 1988-05-13 — /failed-bank/1747
- COLORADO COUNTY FS&LA (COLUMBUS, TX) — failed 1988-05-13 — /failed-bank/1745

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SECURITY%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY S&LA (FDIC ID 1746), failed 1988-05-13. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1746.

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