METROPOLITAN FINANCIAL FS & LA Failed 1989
What happened
METROPOLITAN FINANCIAL FS & LA of DALLAS, TX was closed on 1989-08-10. 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
- 2479
- FDIC Certificate
- 27651
- FDIC FIN
- 7094
- Bank name
- METROPOLITAN FINANCIAL FS & LA
- Location
- DALLAS, TX
- Failure date
- 1989-08-10
- FDIC resolution date
- 1990-06-22
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $318M
- Deposits at failure
- $663M
- Assets at failure
- $800M
- Acquiring bank
- UNITED SA OF THE SW, FSB (HOUSTON, TX)
Other banks UNITED SA OF THE SW, FSB acquired in FDIC resolutions