# FIRST SAVINGS & LOAN

> **Failed bank** · WACO, TX · failed 1989-07-13 · SL · FDIC cost $142M

## What happened

FIRST SAVINGS & LOAN of WACO, TX was closed by state regulators on **1989-07-13**. 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:** 2412
- **FDIC Certificate:** 27874
- **FDIC FIN:** 7067
- **Bank name:** FIRST SAVINGS & LOAN
- **Location:** WACO, TX
- **Failure date:** 1989-07-13
- **FDIC resolution date:** 1990-06-15
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $142M
- **Deposits at failure:** $416M
- **Assets at failure:** $374M
- **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
- CENTRAL TEXAS S & LA (WACO, TX) — failed 1989-04-06 — /failed-bank/2325

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20SAVINGS%20%26%20LOAN

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SAVINGS & LOAN (FDIC ID 2412), failed 1989-07-13. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/failed-bank/2412.

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