# BANNERBANC FS & LA

> **Failed bank** · GARLAND, TX · failed 1990-01-04 · SL · FDIC cost $28M

## What happened

BANNERBANC FS & LA of GARLAND, TX was closed by state regulators on **1990-01-04**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **COLONIAL S&LA** (FORT WORTH, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2602
- **FDIC Certificate:** 30995
- **FDIC FIN:** 7199
- **Bank name:** BANNERBANC FS & LA
- **Location:** GARLAND, TX
- **Failure date:** 1990-01-04
- **FDIC resolution date:** 1990-09-28
- **Charter type:** SL
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $28M
- **Deposits at failure:** $56M
- **Assets at failure:** $46M
- **Acquiring bank:** COLONIAL S&LA (FORT WORTH, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANNERBANC%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANNERBANC FS & LA (FDIC ID 2602), failed 1990-01-04. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2602.

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