# FRANKLIN SAVINGS ASSOCIATION

> **Failed bank** · AUSTIN, TX · failed 1988-09-30 · SL · FDIC cost $681M

## What happened

FRANKLIN SAVINGS ASSOCIATION of AUSTIN, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- CREDITBANC SAVINGS ASSOCIATION (AUSTIN, TX) — failed 1988-09-30 — /failed-bank/1943
- GREAT WEST SAVINGS BANK (AUSTIN, TX) — failed 1988-09-30 — /failed-bank/1941

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FRANKLIN SAVINGS ASSOCIATION (FDIC ID 1944), failed 1988-09-30. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1944.

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