EAST TEXAS S & LA ASSOCIATION Failed 1989
What happened
EAST TEXAS S & LA ASSOCIATION of TYLER, TX was closed on 1989-09-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NCNB TEXAS NATIONAL BANK (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2510
- FDIC Certificate
- 28187
- FDIC FIN
- 7050
- Bank name
- EAST TEXAS S & LA ASSOCIATION
- Location
- TYLER, TX
- Failure date
- 1989-09-21
- FDIC resolution date
- 1990-06-08
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $63M
- Deposits at failure
- $214M
- Assets at failure
- $362M
- Acquiring bank
- NCNB TEXAS NATIONAL BANK (DALLAS, TX)
Other banks NCNB TEXAS NATIONAL BANK acquired in FDIC resolutions
- NBC BANK-KERRVILLE, NATIONAL ASSOC (KERRVILLE, TX) — failed 1990-06-01
- NBC BANK-AUSTIN, NATIONAL ASSOC (AUSTIN, TX) — failed 1990-06-01
- NBC BANK-HOUSTON, NATIONAL ASSOC (HOUSTON, TX) — failed 1990-06-01
- NBC BANK-UVALDE, NATIONAL ASSOC (UVALDE, TX) — failed 1990-06-01
- NBC BANK-BOERNE, NATIONAL ASSOC (BOERNE, TX) — failed 1990-06-01
- NBC BANK-RIO GRANDE VALLEY, NA (MISSION, TX) — failed 1990-06-01
- NBC BANK-SEGUIN, NATIONAL ASSOC (SEGUIN, TX) — failed 1990-06-01
- NBC BANK-SAN ANTONIO, NATIONAL ASSOC (SAN ANTONIO, TX) — failed 1990-06-01
- NBC BANK- SOUTH TEXAS, NATIONAL (CORPUS CHRISTI, TX) — failed 1990-06-01
- THE HUNTSVILLE NATIONAL BANK (HUNTSVILLE, TX) — failed 1990-05-31