SPRING BRANCH S & LA Failed 1989
What happened
SPRING BRANCH S & LA 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 COASTAL BANC SA (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2194
- FDIC Certificate
- 30937
- FDIC FIN
- 7154
- Bank name
- SPRING BRANCH S & LA
- Location
- HOUSTON, TX
- Failure date
- 1989-03-09
- FDIC resolution date
- 1990-08-31
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $103M
- Deposits at failure
- $148M
- Assets at failure
- $100M
- Acquiring bank
- COASTAL BANC SA (HOUSTON, TX)
Other banks COASTAL BANC SA acquired in FDIC resolutions