SEGUIN SAVINGS ASSOCIATION Failed 1988

What happened

SEGUIN SAVINGS ASSOCIATION of SEGUIN, TX was closed 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

2042

FDIC Certificate

29808

FDIC FIN

1812

Bank name

SEGUIN SAVINGS ASSOCIATION

Location

SEGUIN, TX

Failure date

1988-12-29

FDIC resolution date

1988-12-29

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$159M

Deposits at failure

$169M

Assets at failure

$141M

Acquiring bank

PACIFIC SOUTHWEST SB FSB (CORPUS CHRISTI, TX)

Other banks PACIFIC SOUTHWEST SB FSB acquired in FDIC resolutions

• BAYVIEW FSA (CORPUS CHRISTI, TX) — failed 1988-12-29
• KEYSTONE S&LA (LAMPASAS, TX) — failed 1988-12-29
• UNION SA (SAN ANTONIO, TX) — failed 1988-12-29
• CHARTER SAVINGS S&LA (CORPUS CHRISTI, TX) — failed 1988-12-29
• YOAKUM FS&LA (YOAKUM, TX) — failed 1988-12-29
• FIRST FS&LA (LULING, TX) — failed 1988-12-29