FIRST FINANCIAL FS&LA Failed 1981
What happened
FIRST FINANCIAL FS&LA of BELLAIRE, TX was closed on 1981-07-10. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to SOUTH TEXAS SAVINGS ASSN (VICTORIA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 599
- FDIC Certificate
- 31754
- FDIC FIN
- 0
- Bank name
- FIRST FINANCIAL FS&LA
- Location
- BELLAIRE, TX
- Failure date
- 1981-07-10
- FDIC resolution date
- 1981-07-10
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $5M
- Assets at failure
- $6M
- Acquiring bank
- SOUTH TEXAS SAVINGS ASSN (VICTORIA, TX)