FIRST FEDERAL SAVINGS & LOAN Failed 1991
What happened
FIRST FEDERAL SAVINGS & LOAN of SAN ANTONIO, TX was closed on 1991-01-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FSB (SAN ANTONIO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2984
- FDIC Certificate
- 29638
- FDIC FIN
- 7262
- Bank name
- FIRST FEDERAL SAVINGS & LOAN
- Location
- SAN ANTONIO, TX
- Failure date
- 1991-01-04
- FDIC resolution date
- 1991-01-04
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $38M
- Deposits at failure
- $472M
- Assets at failure
- $639M
- Acquiring bank
- FIRST FSB (SAN ANTONIO, TX)
Other banks FIRST FSB acquired in FDIC resolutions