# TESORO S&LA

> **Failed bank** · LAREDO, TX · failed 1988-11-18 · SL · FDIC cost $230M

## What happened

TESORO S&LA of LAREDO, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $230M
- **Deposits at failure:** $335M
- **Assets at failure:** $248M
- **Acquiring bank:** AMERICITY FSB (DALLAS, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=TESORO%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TESORO S&LA (FDIC ID 1986), failed 1988-11-18. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1986.

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