SUBURBAN SAVINGS ASSOC. Failed 1989
What happened
SUBURBAN SAVINGS ASSOC. 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 PLAZA BANK, NA (SAN ANTONIO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2159
- FDIC Certificate
- 31874
- FDIC FIN
- 7175
- Bank name
- SUBURBAN SAVINGS ASSOC.
- Location
- SAN ANTONIO, TX
- Failure date
- 1989-03-02
- FDIC resolution date
- 1990-09-14
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $29M
- Deposits at failure
- $50M
- Assets at failure
- $49M
- Acquiring bank
- PLAZA BANK, NA (SAN ANTONIO, TX)