FIRST FSA Failed 1990
What happened
FIRST FSA of BORGER, 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 AMARILLO NB (AMARILLO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2771
- FDIC Certificate
- 30432
- FDIC FIN
- 7339
- Bank name
- FIRST FSA
- Location
- BORGER, TX
- Failure date
- 1990-05-18
- FDIC resolution date
- 1991-06-28
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $17M
- Deposits at failure
- $54M
- Assets at failure
- $63M
- Acquiring bank
- AMARILLO NB (AMARILLO, TX)
Other banks AMARILLO NB acquired in FDIC resolutions