# FIRST FSA

> **Failed bank** · BORGER, TX · failed 1990-05-18 · SL · FDIC cost $17M

## What happened

FIRST FSA of BORGER, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $17M
- **Deposits at failure:** $54M
- **Assets at failure:** $63M
- **Acquiring bank:** AMARILLO NB (AMARILLO, TX)

## Other banks AMARILLO NB has acquired in FDIC resolutions

- CITIZENS SECURITY BANK (BORGER, TX) — failed 1991-03-22 — /failed-bank/3052

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FSA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FSA (FDIC ID 2771), failed 1990-05-18. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2771.

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