FIRST SOUTH SA Failed 1989
What happened
FIRST SOUTH SA of HOUSTON, TX was closed on 1989-03-15. The FDIC was named receiver.
Resolution: PO
Deposits were transferred to PAYOUT (NONE, NA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2221
- FDIC Certificate
- 30622
- FDIC FIN
- 7353
- Bank name
- FIRST SOUTH SA
- Location
- HOUSTON, TX
- Failure date
- 1989-03-15
- FDIC resolution date
- 1991-07-12
- Charter type
- SL
- Resolution type
- PO
- FDIC DIF cost (est.)
- $551M
- Deposits at failure
- $455M
- Assets at failure
- $278M
- Acquiring bank
- PAYOUT (NONE, NA)
Other banks PAYOUT acquired in FDIC resolutions
- WESTSIDE BANK, FSB (LOS ANGELES, CA) — failed 1993-09-24
- GOLDEN STATE FSB (IRVINE, CA) — failed 1993-08-13
- VISTA FSA (CANOGA PARK, CA) — failed 1993-01-29
- ADVANCED FSB (NORTHRIDGE, CA) — failed 1992-01-24
- DAVY CROCKETT FS & LA (CROCKETT, TX) — failed 1991-09-13
- FIDELITY FS & LA (AUSTIN, TX) — failed 1991-07-12
- COLONIAL FSB (CRANSTON, RI) — failed 1991-05-10
- SENTRY FSA (NORFOLK, VA) — failed 1991-05-03
- ATASCOSA SA (JOURDANTON, TX) — failed 1990-11-30
- LOUISIANA FEDERAL SAVINGS BANK (KENNER, LA) — failed 1990-11-09