# BLUEBONNET SA OF TEXAS

> **Failed bank** · HEMPSTEAD, TX · failed 1988-05-26 · SL · FDIC cost $11M

## What happened

BLUEBONNET SA OF TEXAS of HEMPSTEAD, TX was closed by state regulators on **1988-05-26**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **FIRST FSB OF HEMPSTEAD** (HEMPSTEAD, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1761
- **FDIC Certificate:** 32008
- **FDIC FIN:** 1730
- **Bank name:** BLUEBONNET SA OF TEXAS
- **Location:** HEMPSTEAD, TX
- **Failure date:** 1988-05-26
- **FDIC resolution date:** 1988-05-26
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $11M
- **Deposits at failure:** $29M
- **Assets at failure:** $24M
- **Acquiring bank:** FIRST FSB OF HEMPSTEAD (HEMPSTEAD, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BLUEBONNET%20SA%20OF%20TEXAS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BLUEBONNET SA OF TEXAS (FDIC ID 1761), failed 1988-05-26. Retrieved via AI Analytics 2026-07-14 from https://api.ai-analytics.org/failed-bank/1761.

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