# CITIZENS OF TEXAS S & L ASSOC.

> **Failed bank** · BAYTOWN, TX · failed 1989-03-09 · SL · FDIC cost $83M

## What happened

CITIZENS OF TEXAS S & L ASSOC. of BAYTOWN, 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 **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
- **Estimated FDIC DIF cost:** $83M
- **Deposits at failure:** $105M
- **Assets at failure:** $76M
- **Acquiring bank:** WEST LOOP S&LA (HOUSTON, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CITIZENS%20OF%20TEXAS%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITIZENS OF TEXAS S & L ASSOC. (FDIC ID 2196), failed 1989-03-09. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2196.

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