# AMIGO FS & LA

> **Failed bank** · BROWNSVILLE, TX · failed 1990-08-03 · SL · FDIC cost $5M

## What happened

AMIGO FS & LA of BROWNSVILLE, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $21M
- **Assets at failure:** $21M
- **Acquiring bank:** BROWNSVILLE NB (BROWNSVILLE, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=AMIGO%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMIGO FS & LA (FDIC ID 2867), failed 1990-08-03. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2867.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*