SOUTHLAND SAVINGS ASSOCIATION Failed 1988

What happened

SOUTHLAND SAVINGS ASSOCIATION of LONGVIEW, 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

1869

FDIC Certificate

31985

FDIC FIN

1797

Bank name

SOUTHLAND SAVINGS ASSOCIATION

Location

LONGVIEW, TX

Failure date

1988-08-18

FDIC resolution date

1988-08-18

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$21M

Deposits at failure

$34M

Assets at failure

$32M

Acquiring bank

AMERICAN FEDERAL BANK FSB (DALLAS, TX)

Other banks AMERICAN FEDERAL BANK FSB acquired in FDIC resolutions

• SKYLINE SAVINGS ASSOCIATION (DALLAS, TX) — failed 1988-08-18
• AMERICAN BANC SAVINGS ASSOCIAT (DALLAS, TX) — failed 1988-08-18
• PARIS S&LA (PARIS, TX) — failed 1988-08-18
• LONGVIEW S&LA (LONGVIEW, TX) — failed 1988-08-18
• RICHARDSON SAVINGS ASSOCIATION (DALLAS, TX) — failed 1988-08-18
• MAJESTIC SAVINGS ASSOCIATION (MCKINNEY, TX) — failed 1988-08-18
• IRVING S&LA (IRVING, TX) — failed 1988-08-18
• COMMERCE FS&LA (COMMERCE, TX) — failed 1988-08-18
• GLADEWATER FS&LA (GLADEWATER, TX) — failed 1988-08-18