SPINDLETOP SA Failed 1989
What happened
SPINDLETOP SA of BEAUMONT, TX was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST CITY BANK, NA (BEAUMONT, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2265
- FDIC Certificate
- 32129
- FDIC FIN
- 7039
- Bank name
- SPINDLETOP SA
- Location
- BEAUMONT, TX
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-06-01
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $267M
- Deposits at failure
- $325M
- Assets at failure
- $181M
- Acquiring bank
- FIRST CITY BANK, NA (BEAUMONT, TX)