# GENERAL SAVINGS ASSOC.

> **Failed bank** · HENDERSON, TX · failed 1989-03-16 · SL · FDIC cost $25M

## What happened

GENERAL SAVINGS ASSOC. of HENDERSON, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $25M
- **Deposits at failure:** $50M
- **Assets at failure:** $75M
- **Acquiring bank:** CITIZENS NB OF HENDERSON (HENDERSON, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GENERAL SAVINGS ASSOC. (FDIC ID 2255), failed 1989-03-16. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2255.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*