CITY S&LA Failed 1988
What happened
CITY S&LA of SAN ANGELO, 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
- 1753
- FDIC Certificate
- 30923
- FDIC FIN
- 1795
- Bank name
- CITY S&LA
- Location
- SAN ANGELO, TX
- Failure date
- 1988-05-18
- FDIC resolution date
- 1988-05-18
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $912M
- Deposits at failure
- $868M
- Assets at failure
- $681M
- Acquiring bank
- SOUTHWEST SA (DALLAS, TX)
Other banks SOUTHWEST SA acquired in FDIC resolutions