# UNIVERSAL SA

> **Failed bank** · HOUSTON, TX · failed 1989-03-09 · SL · FDIC cost $290M

## What happened

UNIVERSAL SA of HOUSTON, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $290M
- **Deposits at failure:** $260M
- **Assets at failure:** $142M
- **Acquiring bank:** CHANNELVIEW BANK (CHANNELVIEW, TX)

## Other banks CHANNELVIEW BANK has acquired in FDIC resolutions

- UNION BANK (SAN ANTONIO, TX) — failed 1991-10-31 — /failed-bank/3229
- WASHINGTON COUNTY STATE BANK (BRENHAM, TX) — failed 1990-12-13 — /failed-bank/2962
- COMMUNITY BANK (NEW CANEY, TX) — failed 1990-03-22 — /failed-bank/2712
- HUFFMAN BANK (HUFFMAN, TX) — failed 1990-02-15 — /failed-bank/2653
- COMMERCIAL STATE BANK (HOUSTON, TX) — failed 1989-01-12 — /failed-bank/2067
- PORT CITY BANK (HOUSTON, TX) — failed 1988-01-28 — /failed-bank/1612

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=UNIVERSAL%20SA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, UNIVERSAL SA (FDIC ID 2203), failed 1989-03-09. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2203.

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