BANCPLUS SAVINGS ASSOCIATION Failed 1989
What happened
BANCPLUS SAVINGS ASSOCIATION of PASADENA, 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 UNITED SA OF TX, FSB (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2195
- FDIC Certificate
- 31128
- FDIC FIN
- 2104
- Bank name
- BANCPLUS SAVINGS ASSOCIATION
- Location
- PASADENA, 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.)
- $964M
- Deposits at failure
- $923M
- Assets at failure
- $751M
- Acquiring bank
- UNITED SA OF TX, FSB (HOUSTON, TX)
Other banks UNITED SA OF TX, FSB acquired in FDIC resolutions