# FIRST FS&LA

> **Failed bank** · LULING, TX · failed 1988-12-29 · SL · FDIC cost $48M

## What happened

FIRST FS&LA of LULING, TX was closed by state regulators on **1988-12-29**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **PACIFIC SOUTHWEST SB FSB** (CORPUS CHRISTI, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2040
- **FDIC Certificate:** 28907
- **FDIC FIN:** 1812
- **Bank name:** FIRST FS&LA
- **Location:** LULING, TX
- **Failure date:** 1988-12-29
- **FDIC resolution date:** 1988-12-29
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $48M
- **Deposits at failure:** $48M
- **Assets at failure:** $31M
- **Acquiring bank:** PACIFIC SOUTHWEST SB FSB (CORPUS CHRISTI, TX)

## Other banks PACIFIC SOUTHWEST SB FSB has acquired in FDIC resolutions

- BAYVIEW FSA (CORPUS CHRISTI, TX) — failed 1988-12-29 — /failed-bank/2052
- KEYSTONE S&LA (LAMPASAS, TX) — failed 1988-12-29 — /failed-bank/2051
- UNION SA (SAN ANTONIO, TX) — failed 1988-12-29 — /failed-bank/2047
- CHARTER SAVINGS S&LA (CORPUS CHRISTI, TX) — failed 1988-12-29 — /failed-bank/2044
- SEGUIN SAVINGS ASSOCIATION (SEGUIN, TX) — failed 1988-12-29 — /failed-bank/2042
- YOAKUM FS&LA (YOAKUM, TX) — failed 1988-12-29 — /failed-bank/2041

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS&LA (FDIC ID 2040), failed 1988-12-29. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2040.

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