# CITY S&LA

> **Failed bank** · SAN ANGELO, TX · failed 1988-05-18 · SL · FDIC cost $912M

## What happened

CITY S&LA of SAN ANGELO, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $912M
- **Deposits at failure:** $868M
- **Assets at failure:** $681M
- **Acquiring bank:** SOUTHWEST SA (DALLAS, TX)

## Other banks SOUTHWEST SA has acquired in FDIC resolutions

- STOCKTON SAVINGS ASSOCIATION (DALLAS, TX) — failed 1988-05-18 — /failed-bank/1754
- BRIERCROFT SAVINGS ASSOCIATION (AUSTIN, TX) — failed 1988-05-18 — /failed-bank/1752
- LAMAR SAVINGS ASSOCIATION (AUSTIN, TX) — failed 1988-05-18 — /failed-bank/1751

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITY S&LA (FDIC ID 1753), failed 1988-05-18. Retrieved via AI Analytics 2026-05-24 from https://api.ai-analytics.org/failed-bank/1753.

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