SAN ANTONIO SAVINGS Failed 1989
What happened
SAN ANTONIO SAVINGS of SAN ANTONIO, TX was closed on 1989-03-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST GIBRALTAR BANK, FSB (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2140
- FDIC Certificate
- 28410
- FDIC FIN
- 6959
- Bank name
- SAN ANTONIO SAVINGS
- Location
- SAN ANTONIO, TX
- Failure date
- 1989-03-02
- FDIC resolution date
- 1990-03-09
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $821M
- Deposits at failure
- $1,946M
- Assets at failure
- $2,638M
- Acquiring bank
- FIRST GIBRALTAR BANK, FSB (DALLAS, TX)
Other banks FIRST GIBRALTAR BANK, FSB acquired in FDIC resolutions