BENJAMIN FRANKLIN SA Failed 1989
What happened
BENJAMIN FRANKLIN SA of HOUSTON, TX was closed on 1989-03-09. 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
- 2191
- FDIC Certificate
- 30761
- FDIC FIN
- 7429
- Bank name
- BENJAMIN FRANKLIN SA
- Location
- HOUSTON, TX
- Failure date
- 1989-03-09
- FDIC resolution date
- 1991-09-06
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $882M
- Deposits at failure
- $2,005M
- Assets at failure
- $2,641M
- Acquiring bank
- BANC ONE TX, NA (DALLAS, TX)
Other banks BANC ONE TX, NA acquired in FDIC resolutions