NEW BRAUNFELS S & LA ASSOC. Failed 1989
What happened
NEW BRAUNFELS S & LA ASSOC. of NEW BRAUNFELS, TX was closed on 1989-07-27. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to VICTORIA B&TC-WEST (NEW BRAUNFELS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2458
- FDIC Certificate
- 31741
- FDIC FIN
- 7038
- Bank name
- NEW BRAUNFELS S & LA ASSOC.
- Location
- NEW BRAUNFELS, TX
- Failure date
- 1989-07-27
- FDIC resolution date
- 1990-06-01
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $65M
- Deposits at failure
- $82M
- Assets at failure
- $86M
- Acquiring bank
- VICTORIA B&TC-WEST (NEW BRAUNFELS, TX)