UNION SA Failed 1988

What happened

UNION SA of SAN ANTONIO, 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

2047

FDIC Certificate

31860

FDIC FIN

1812

Bank name

UNION SA

Location

SAN ANTONIO, TX

Failure date

1988-12-29

FDIC resolution date

1988-12-29

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$43M

Deposits at failure

$74M

Assets at failure

$72M

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
• CHARTER SAVINGS S&LA (CORPUS CHRISTI, TX) — failed 1988-12-29
• SEGUIN SAVINGS ASSOCIATION (SEGUIN, TX) — failed 1988-12-29
• YOAKUM FS&LA (YOAKUM, TX) — failed 1988-12-29
• FIRST FS&LA (LULING, TX) — failed 1988-12-29