# FIRST TEXAS SAVINGS ASSOCIATION

> **Failed bank** · DALLAS, TX · failed 1988-12-27 · SL · FDIC cost $2,527M

## What happened

FIRST TEXAS SAVINGS ASSOCIATION of DALLAS, 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:** 2036
- **FDIC Certificate:** 28252
- **FDIC FIN:** 1811
- **Bank name:** FIRST TEXAS SAVINGS ASSOCIATION
- **Location:** DALLAS, TX
- **Failure date:** 1988-12-27
- **FDIC resolution date:** 1988-12-27
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $2,527M
- **Deposits at failure:** $2,696M
- **Assets at failure:** $3,128M
- **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
- GIBRALTAR SA (HOUSTON, TX) — failed 1988-12-27 — /failed-bank/2035
- 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=FIRST%20TEXAS%20SAVINGS%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST TEXAS SAVINGS ASSOCIATION (FDIC ID 2036), failed 1988-12-27. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/failed-bank/2036.

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