TESORO S&LA Failed 1988
What happened
TESORO S&LA of LAREDO, TX was closed on 1988-11-18. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to AMERICITY FSB (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1986
- FDIC Certificate
- 31659
- FDIC FIN
- 1809
- Bank name
- TESORO S&LA
- Location
- LAREDO, TX
- Failure date
- 1988-11-18
- FDIC resolution date
- 1988-11-18
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $230M
- Deposits at failure
- $335M
- Assets at failure
- $248M
- Acquiring bank
- AMERICITY FSB (DALLAS, TX)