FEDERATED S&LA Failed 1988
What happened
FEDERATED S&LA of SAN ANTONIO, TX was closed on 1988-08-19. The FDIC was named receiver.
Resolution: MGR
Deposits were transferred to SUNBELT SAVINGS FSB (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1872
- FDIC Certificate
- 28412
- FDIC FIN
- 1798
- Bank name
- FEDERATED S&LA
- Location
- SAN ANTONIO, TX
- Failure date
- 1988-08-19
- FDIC resolution date
- 1988-08-19
- Charter type
- SL
- Resolution type
- MGR
- FDIC DIF cost (est.)
- $98M
- Deposits at failure
- $158M
- Assets at failure
- $150M
- Acquiring bank
- SUNBELT SAVINGS FSB (DALLAS, TX)
Other banks SUNBELT SAVINGS FSB acquired in FDIC resolutions