AMIGO FS & LA Failed 1990
What happened
AMIGO FS & LA of BROWNSVILLE, TX was closed on 1990-08-03. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BROWNSVILLE NB (BROWNSVILLE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2867
- FDIC Certificate
- 31956
- FDIC FIN
- 7337
- Bank name
- AMIGO FS & LA
- Location
- BROWNSVILLE, TX
- Failure date
- 1990-08-03
- FDIC resolution date
- 1991-06-28
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $21M
- Assets at failure
- $21M
- Acquiring bank
- BROWNSVILLE NB (BROWNSVILLE, TX)