# SUMMIT SAVINGS ASSOCIATION

> **Failed bank** · DALLAS, TX · failed 1988-08-19 · SL · FDIC cost $325M

## What happened

SUMMIT SAVINGS ASSOCIATION of DALLAS, TX was closed by state regulators on **1988-08-19**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **SUNBELT SAVINGS FSB** (DALLAS, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1875
- **FDIC Certificate:** 31641
- **FDIC FIN:** 1798
- **Bank name:** SUMMIT SAVINGS ASSOCIATION
- **Location:** DALLAS, TX
- **Failure date:** 1988-08-19
- **FDIC resolution date:** 1988-08-19
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $325M
- **Deposits at failure:** $321M
- **Assets at failure:** $186M
- **Acquiring bank:** SUNBELT SAVINGS FSB (DALLAS, TX)

## Other banks SUNBELT SAVINGS FSB has acquired in FDIC resolutions

- FIRST CITY SAVINGS ASSOCIATION (IRVING, TX) — failed 1988-08-19 — /failed-bank/1877
- TEXANA S&LA (TEXARKANA, TX) — failed 1988-08-19 — /failed-bank/1876
- SUNBELT SAVINGS ASSOCIATION OF TEXAS (DALLAS, TX) — failed 1988-08-19 — /failed-bank/1874
- MULTIBANC SAVINGS ASSOCIATION (DALLAS, TX) — failed 1988-08-19 — /failed-bank/1873
- FEDERATED S&LA (SAN ANTONIO, TX) — failed 1988-08-19 — /failed-bank/1872

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SUMMIT%20SAVINGS%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SUMMIT SAVINGS ASSOCIATION (FDIC ID 1875), failed 1988-08-19. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1875.

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