GULF COAST SAVINGS ASSOCIATION Failed 1988
What happened
GULF COAST SAVINGS ASSOCIATION of RICHMOND, 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
- 1920
- FDIC Certificate
- 30979
- FDIC FIN
- 1804
- Bank name
- GULF COAST SAVINGS ASSOCIATION
- Location
- RICHMOND, TX
- Failure date
- 1988-09-09
- FDIC resolution date
- 1988-09-09
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $87M
- Deposits at failure
- $72M
- Assets at failure
- $60M
- Acquiring bank
- HEIGHTS OF TEXAS FSB (HOUSTON, TX)
Other banks HEIGHTS OF TEXAS FSB acquired in FDIC resolutions