# DELTA SAVINGS ASSOCIATION OF TEXAS

> **Failed bank** · ALVIN, TX · failed 1988-09-30 · SL · FDIC cost $258M

## What happened

DELTA SAVINGS ASSOCIATION OF TEXAS of ALVIN, TX was closed by state regulators 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:** 1942
- **FDIC Certificate:** 30497
- **FDIC FIN:** 1806
- **Bank name:** DELTA SAVINGS ASSOCIATION OF TEXAS
- **Location:** ALVIN, TX
- **Failure date:** 1988-09-30
- **FDIC resolution date:** 1988-09-30
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $258M
- **Deposits at failure:** $313M
- **Assets at failure:** $203M
- **Acquiring bank:** GUARANTY FSB (DALLAS, TX)

## Other banks GUARANTY FSB has acquired in FDIC resolutions

- TEXASBANC SAVINGS (CONROE, TX) — failed 1990-02-23 — /failed-bank/2678
- GUARANTY FS&LA (DALLAS, TX) — failed 1988-09-30 — /failed-bank/1946
- FIRST FS&LA (AUSTIN, TX) — failed 1988-09-30 — /failed-bank/1939

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, DELTA SAVINGS ASSOCIATION OF TEXAS (FDIC ID 1942), failed 1988-09-30. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/1942.

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