CITIZENS OF TEXAS S & L ASSOC. Failed 1989
What happened
CITIZENS OF TEXAS S & L ASSOC. of BAYTOWN, 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 WEST LOOP S&LA (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2196
- FDIC Certificate
- 31163
- FDIC FIN
- 7128
- Bank name
- CITIZENS OF TEXAS S & L ASSOC.
- Location
- BAYTOWN, TX
- Failure date
- 1989-03-09
- FDIC resolution date
- 1990-08-10
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $83M
- Deposits at failure
- $105M
- Assets at failure
- $76M
- Acquiring bank
- WEST LOOP S&LA (HOUSTON, TX)