UNIVERSAL SA Failed 1989
What happened
UNIVERSAL SA of HOUSTON, TX was closed on 1989-03-09. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to CHANNELVIEW BANK (CHANNELVIEW, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2203
- FDIC Certificate
- 31582
- FDIC FIN
- 7093
- Bank name
- UNIVERSAL SA
- Location
- HOUSTON, TX
- Failure date
- 1989-03-09
- FDIC resolution date
- 1990-06-22
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $290M
- Deposits at failure
- $260M
- Assets at failure
- $142M
- Acquiring bank
- CHANNELVIEW BANK (CHANNELVIEW, TX)
Other banks CHANNELVIEW BANK acquired in FDIC resolutions