BEDFORD SAVINGS ASSOC. Failed 1989
What happened
BEDFORD SAVINGS ASSOC. of BEDFORD, TX was closed on 1989-04-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST AMERICAN SAVINGS BANC (NORTH RICHLAND H, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2347
- FDIC Certificate
- 32278
- FDIC FIN
- 6965
- Bank name
- BEDFORD SAVINGS ASSOC.
- Location
- BEDFORD, TX
- Failure date
- 1989-04-06
- FDIC resolution date
- 1990-04-20
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $76M
- Deposits at failure
- $103M
- Assets at failure
- $91M
- Acquiring bank
- FIRST AMERICAN SAVINGS BANC (NORTH RICHLAND H, TX)