# COLONIAL SA

> **Failed bank** · HOUSTON, TX · failed 1983-06-24 · SL · FDIC cost $1M

## What happened

COLONIAL SA of HOUSTON, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $84M
- **Assets at failure:** $90M
- **Acquiring bank:** TCF BANKING & SAVINGS FA (MINNEAPOLIS, MN)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COLONIAL%20SA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COLONIAL SA (FDIC ID 793), failed 1983-06-24. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/793.

---

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