# BENJAMIN FRANKLIN SA

> **Failed bank** · HOUSTON, TX · failed 1989-03-09 · SL · FDIC cost $882M

## What happened

BENJAMIN FRANKLIN SA of HOUSTON, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- FIRST FEDERAL SAVINGS OF CONROE (CONROE, TX) — failed 1990-05-18 — /failed-bank/2769
- CAPITOL CITY FEDERAL SAVINGS (AUSTIN, TX) — failed 1989-07-27 — /failed-bank/2457
- FIRST STATE SAVINGS (SAN ANTONIO, TX) — failed 1989-03-02 — /failed-bank/2158

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BENJAMIN%20FRANKLIN%20SA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BENJAMIN FRANKLIN SA (FDIC ID 2191), failed 1989-03-09. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2191.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*