BRIERCROFT SAVINGS ASSOCIATION Failed 1988
What happened
BRIERCROFT SAVINGS ASSOCIATION of AUSTIN, TX was closed on 1988-05-18. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to SOUTHWEST SA (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1752
- FDIC Certificate
- 30641
- FDIC FIN
- 1795
- Bank name
- BRIERCROFT SAVINGS ASSOCIATION
- Location
- AUSTIN, TX
- Failure date
- 1988-05-18
- FDIC resolution date
- 1988-05-18
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $222M
- Deposits at failure
- $659M
- Assets at failure
- $867M
- Acquiring bank
- SOUTHWEST SA (DALLAS, TX)
Other banks SOUTHWEST SA acquired in FDIC resolutions