FIRST FEDERAL SAVINGS OF CONROE Failed 1990
What happened
FIRST FEDERAL SAVINGS OF CONROE of CONROE, TX was closed on 1990-05-18. 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
- 2769
- FDIC Certificate
- 28944
- FDIC FIN
- 7364
- Bank name
- FIRST FEDERAL SAVINGS OF CONROE
- Location
- CONROE, TX
- Failure date
- 1990-05-18
- FDIC resolution date
- 1991-07-19
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $30M
- Deposits at failure
- $146M
- Assets at failure
- $174M
- Acquiring bank
- BANC ONE TX, NA (DALLAS, TX)
Other banks BANC ONE TX, NA acquired in FDIC resolutions