# SPINDLETOP SA

> **Failed bank** · BEAUMONT, TX · failed 1989-03-16 · SL · FDIC cost $267M

## What happened

SPINDLETOP SA of BEAUMONT, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $267M
- **Deposits at failure:** $325M
- **Assets at failure:** $181M
- **Acquiring bank:** FIRST CITY BANK, NA (BEAUMONT, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SPINDLETOP SA (FDIC ID 2265), failed 1989-03-16. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2265.

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