# CITY SAVINGS ASSOC.

> **Failed bank** · LEAGUE CITY, TX · failed 1989-03-09 · SL · FDIC cost $24M

## What happened

CITY SAVINGS ASSOC. of LEAGUE CITY, 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 **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
- **Estimated FDIC DIF cost:** $24M
- **Deposits at failure:** $41M
- **Assets at failure:** $34M
- **Acquiring bank:** LEAGUE CITY B&T (LEAGUE CITY, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CITY SAVINGS ASSOC. (FDIC ID 2217), failed 1989-03-09. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/2217.

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