FIRST STATE SAVINGS Failed 1989
What happened
FIRST STATE 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 BANC ONE TX, NA (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2158
- FDIC Certificate
- 31765
- FDIC FIN
- 6984
- Bank name
- FIRST STATE SAVINGS
- Location
- SAN ANTONIO, TX
- Failure date
- 1989-03-02
- FDIC resolution date
- 1990-05-04
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $308M
- Deposits at failure
- $325M
- Assets at failure
- $217M
- Acquiring bank
- BANC ONE TX, NA (DALLAS, TX)
Other banks BANC ONE TX, NA acquired in FDIC resolutions