GILL SA Failed 1989
What happened
GILL SA of SAN ANTONIO, TX was closed on 1989-02-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SUNBELT SAVINGS (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2088
- FDIC Certificate
- 31503
- FDIC FIN
- 7070
- Bank name
- GILL SA
- Location
- SAN ANTONIO, TX
- Failure date
- 1989-02-07
- FDIC resolution date
- 1990-06-15
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1,660M
- Deposits at failure
- $1,448M
- Assets at failure
- $1,207M
- Acquiring bank
- SUNBELT SAVINGS (DALLAS, TX)
Other banks SUNBELT SAVINGS acquired in FDIC resolutions