BAYSHORE SA Failed 1989
What happened
BAYSHORE SA of LAPORTE, 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 BNB SA, FSA (LAPORTE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2193
- FDIC Certificate
- 30925
- FDIC FIN
- 2105
- Bank name
- BAYSHORE SA
- Location
- LAPORTE, TX
- Failure date
- 1989-03-09
- FDIC resolution date
- 1991-09-20
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $33M
- Deposits at failure
- $57M
- Assets at failure
- $39M
- Acquiring bank
- BNB SA, FSA (LAPORTE, TX)