SAN JACINTO SAVINGS Failed 1990
What happened
SAN JACINTO SAVINGS of HOUSTON, TX was closed on 1990-11-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED SA OF TX, FSB (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2950
- FDIC Certificate
- 31058
- FDIC FIN
- 2124
- Bank name
- SAN JACINTO SAVINGS
- Location
- HOUSTON, TX
- Failure date
- 1990-11-30
- FDIC resolution date
- 1991-09-27
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1,701M
- Deposits at failure
- $2,895M
- Assets at failure
- $2,870M
- Acquiring bank
- UNITED SA OF TX, FSB (HOUSTON, TX)
Other banks UNITED SA OF TX, FSB acquired in FDIC resolutions