First Federal Savings and Loan Association

Status:Inactive as of 09/14/1989
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:First Savings of Laredo, FA
Headquarters:First Federal Savings and Loan Association
900 Houston Street
Laredo, TX 78040
Established:05/01/1934
FDIC Insurance:12/26/1934
FDIC Cert:#28912
Charter Class:
Total Assets:$171,151,000
Total Deposits:$157,577,000

History

1934-05-01Institution established: Original name:First Federal Savings and Loan Association
1987-05-31Changed organization type to STOCK SAVINGS & LOAN
1989-09-14Institution established: Original name:First Savings of Laredo, FA (32793)
1989-09-14Failed, went into receivership, and then became part of First Savings of Laredo, FA (32793)
1989-09-14Placed into government conservatorship.
1990-06-15Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1990-06-15Government conservatorship or bridge bank resolved.