CITY SAVINGS ASSOC. Failed 1989
What happened
CITY SAVINGS ASSOC. of LEAGUE CITY, 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 LEAGUE CITY B&T (LEAGUE CITY, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2217
- FDIC Certificate
- 32117
- FDIC FIN
- 7153
- Bank name
- CITY SAVINGS ASSOC.
- Location
- LEAGUE CITY, TX
- Failure date
- 1989-03-09
- FDIC resolution date
- 1990-08-31
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $24M
- Deposits at failure
- $41M
- Assets at failure
- $34M
- Acquiring bank
- LEAGUE CITY B&T (LEAGUE CITY, TX)