FIRST FS&LA Failed 1988
What happened
FIRST FS&LA of AUSTIN, TX was closed on 1988-09-30. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to GUARANTY FSB (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1939
- FDIC Certificate
- 29080
- FDIC FIN
- 1806
- Bank name
- FIRST FS&LA
- Location
- AUSTIN, TX
- Failure date
- 1988-09-30
- FDIC resolution date
- 1988-09-30
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $480M
- Deposits at failure
- $904M
- Assets at failure
- $1,013M
- Acquiring bank
- GUARANTY FSB (DALLAS, TX)
Other banks GUARANTY FSB acquired in FDIC resolutions