CAPITOL CITY FEDERAL SAVINGS Failed 1989
What happened
CAPITOL CITY FEDERAL SAVINGS of AUSTIN, TX was closed on 1989-07-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANC ONE TX, NA (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2457
- FDIC Certificate
- 31630
- FDIC FIN
- 7172
- Bank name
- CAPITOL CITY FEDERAL SAVINGS
- Location
- AUSTIN, TX
- Failure date
- 1989-07-27
- FDIC resolution date
- 1990-09-14
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $215M
- Deposits at failure
- $397M
- Assets at failure
- $528M
- Acquiring bank
- BANC ONE TX, NA (DALLAS, TX)
Other banks BANC ONE TX, NA acquired in FDIC resolutions