COLONIAL SA Failed 1983
What happened
COLONIAL SA of HOUSTON, TX was closed on 1983-06-24. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to TCF BANKING & SAVINGS FA (MINNEAPOLIS, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 793
- FDIC Certificate
- 31288
- FDIC FIN
- 1645
- Bank name
- COLONIAL SA
- Location
- HOUSTON, TX
- Failure date
- 1983-06-24
- FDIC resolution date
- 1983-06-24
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $84M
- Assets at failure
- $90M
- Acquiring bank
- TCF BANKING & SAVINGS FA (MINNEAPOLIS, MN)