FIRST FEDERAL SAVINGS & LOAN Failed 1990
What happened
FIRST FEDERAL SAVINGS & LOAN of NEW BRAUNFELS, TX was closed on 1990-05-25. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to VICTORIA B&TC (VICTORIA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2778
- FDIC Certificate
- 29324
- FDIC FIN
- 7310
- Bank name
- FIRST FEDERAL SAVINGS & LOAN
- Location
- NEW BRAUNFELS, TX
- Failure date
- 1990-05-25
- FDIC resolution date
- 1991-06-07
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $30M
- Deposits at failure
- $209M
- Assets at failure
- $232M
- Acquiring bank
- VICTORIA B&TC (VICTORIA, TX)
Other banks VICTORIA B&TC acquired in FDIC resolutions