BAYVIEW FSA Failed 1988

What happened

BAYVIEW FSA of CORPUS CHRISTI, 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

2052

FDIC Certificate

32311

FDIC FIN

1812

Bank name

BAYVIEW FSA

Location

CORPUS CHRISTI, TX

Failure date

1988-12-29

FDIC resolution date

1988-12-29

Charter type

SL

Resolution type

A/A

FDIC DIF cost (est.)

$48M

Deposits at failure

$70M

Assets at failure

$65M

Acquiring bank

PACIFIC SOUTHWEST SB FSB (CORPUS CHRISTI, TX)

Other banks PACIFIC SOUTHWEST SB FSB acquired in FDIC resolutions

• 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
• 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