# FIRST SAV. ASSOC. SOUTHEAST TEXAS

> **Failed bank** · SILSBEE, TX · failed 1989-03-16 · SL · FDIC cost $23M

## What happened

FIRST SAV. ASSOC. SOUTHEAST TEXAS of SILSBEE, 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 **KILGORE FS&LA** (KILGORE, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2257
- **FDIC Certificate:** 31803
- **FDIC FIN:** 7239
- **Bank name:** FIRST SAV. ASSOC. SOUTHEAST TEXAS
- **Location:** SILSBEE, TX
- **Failure date:** 1989-03-16
- **FDIC resolution date:** 1990-11-30
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $23M
- **Deposits at failure:** $44M
- **Assets at failure:** $49M
- **Acquiring bank:** KILGORE FS&LA (KILGORE, TX)

## Other banks KILGORE FS&LA has acquired in FDIC resolutions

- FIRST FEDERAL SAVINGS (BEAUMONT, TX) — failed 1991-09-27 — /failed-bank/3194
- ATLANTA FSA (ATLANTA, TX) — failed 1990-08-31 — /failed-bank/2890
- FIRST FS & LA (TEMPLE, TX) — failed 1990-08-24 — /failed-bank/2879
- MARSHALL FS & LA (MARSHALL, TX) — failed 1990-01-18 — /failed-bank/2618
- FIRST GARLAND FED. S & L (GARLAND, TX) — failed 1989-09-21 — /failed-bank/2512
- FIRST FED. S & LA OF BRENHAM (BRENHAM, TX) — failed 1989-09-21 — /failed-bank/2511
- DENTON FEDERAL SAVINGS (DENTON, TX) — failed 1989-08-24 — /failed-bank/2497
- TAYLORBANC FEDERAL S & L (TAYLOR, TX) — failed 1989-08-17 — /failed-bank/2488
- FSA OF THE SOUTHWEST (KILGORE, TX) — failed 1989-07-27 — /failed-bank/2463
- FIRST SAVINGS & LOAN (WACO, TX) — failed 1989-07-13 — /failed-bank/2412

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20SAV.%20ASSOC.%20SOUTHEAST%20TEXAS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SAV. ASSOC. SOUTHEAST TEXAS (FDIC ID 2257), failed 1989-03-16. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/2257.

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