MURRAY SAVINGS ASSOCIATION Failed 1989
What happened
MURRAY SAVINGS ASSOCIATION of DALLAS, TX was closed on 1989-04-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED SA OF THE SW, FSB (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2312
- FDIC Certificate
- 31256
- FDIC FIN
- 7051
- Bank name
- MURRAY SAVINGS ASSOCIATION
- Location
- DALLAS, TX
- Failure date
- 1989-04-05
- FDIC resolution date
- 1990-06-08
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $384M
- Deposits at failure
- $1,168M
- Assets at failure
- $1,441M
- Acquiring bank
- UNITED SA OF THE SW, FSB (HOUSTON, TX)
Other banks UNITED SA OF THE SW, FSB acquired in FDIC resolutions