BAY CITY FS&LA Failed 1988
What happened
BAY CITY FS&LA of BAY CITY, TX was closed on 1988-09-09. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to HEIGHTS OF TEXAS FSB (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1919
- FDIC Certificate
- 28957
- FDIC FIN
- 1804
- Bank name
- BAY CITY FS&LA
- Location
- BAY CITY, TX
- Failure date
- 1988-09-09
- FDIC resolution date
- 1988-09-09
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $256M
- Deposits at failure
- $163M
- Assets at failure
- $158M
- Acquiring bank
- HEIGHTS OF TEXAS FSB (HOUSTON, TX)
Other banks HEIGHTS OF TEXAS FSB acquired in FDIC resolutions