Bank failure · TX
First State Savings (San Antonio, TX) — failed March 2, 1989
First State Savings of San Antonio, Texas was closed on March 2, 1989 and resolved through a purchase and assumption. Banc One Tx, NA (TX) took over its insured deposits. At failure it held $217.0M in assets and $325.1M in deposits. The FDIC's estimated loss on the failure is $307.6M (141.7% of assets).
- Closing date
- March 2, 1989
- FDIC certificate #
- 31765
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Banc One Tx, NA
- Insurance fund
- RTC
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