GENERAL SAVINGS ASSOC. Failed 1989
What happened
GENERAL SAVINGS ASSOC. of HENDERSON, TX was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS NB OF HENDERSON (HENDERSON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2255
- FDIC Certificate
- 31791
- FDIC FIN
- 7114
- Bank name
- GENERAL SAVINGS ASSOC.
- Location
- HENDERSON, TX
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-06-29
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $25M
- Deposits at failure
- $50M
- Assets at failure
- $75M
- Acquiring bank
- CITIZENS NB OF HENDERSON (HENDERSON, TX)