GLADEWATER FS&LA Failed 1988
What happened
GLADEWATER FS&LA of GLADEWATER, TX was closed on 1988-08-18. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to AMERICAN FEDERAL BANK FSB (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1861
- FDIC Certificate
- 28869
- FDIC FIN
- 1797
- Bank name
- GLADEWATER FS&LA
- Location
- GLADEWATER, TX
- Failure date
- 1988-08-18
- FDIC resolution date
- 1988-08-18
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $23M
- Deposits at failure
- $36M
- Assets at failure
- $25M
- Acquiring bank
- AMERICAN FEDERAL BANK FSB (DALLAS, TX)
Other banks AMERICAN FEDERAL BANK FSB acquired in FDIC resolutions