FRANKLIN SAVINGS ASSOCIATION Failed 1988
What happened
FRANKLIN SAVINGS ASSOCIATION of AUSTIN, TX was closed on 1988-09-30. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to FRANKLIN FEDERAL BCORP, A F (AUSTIN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1944
- FDIC Certificate
- 31459
- FDIC FIN
- 1807
- Bank name
- FRANKLIN SAVINGS ASSOCIATION
- 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.)
- $681M
- Deposits at failure
- $616M
- Assets at failure
- $411M
- Acquiring bank
- FRANKLIN FEDERAL BCORP, A F (AUSTIN, TX)
Other banks FRANKLIN FEDERAL BCORP, A F acquired in FDIC resolutions