# GIBRALTAR SA

> **Failed bank** · HOUSTON, TX · failed 1988-12-27 · SL · FDIC cost $2,854M

## What happened

GIBRALTAR SA of HOUSTON, TX was closed by state regulators on **1988-12-27**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **FIRST GIBRALTAR BANK FSB** (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2035
- **FDIC Certificate:** 27653
- **FDIC FIN:** 1811
- **Bank name:** GIBRALTAR SA
- **Location:** HOUSTON, TX
- **Failure date:** 1988-12-27
- **FDIC resolution date:** 1988-12-27
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $2,854M
- **Deposits at failure:** $4,592M
- **Assets at failure:** $6,459M
- **Acquiring bank:** FIRST GIBRALTAR BANK FSB (HOUSTON, TX)

## Other banks FIRST GIBRALTAR BANK FSB has acquired in FDIC resolutions

- KILLEEN S&LA (KILLEEN, TX) — failed 1988-12-27 — /failed-bank/2037
- FIRST TEXAS SAVINGS ASSOCIATION (DALLAS, TX) — failed 1988-12-27 — /failed-bank/2036
- HOME SA (HOUSTON, TX) — failed 1988-12-22 — /failed-bank/2027

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GIBRALTAR SA (FDIC ID 2035), failed 1988-12-27. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2035.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*