Data / Bank failures / 1983 / Colonial Sa
Colonial Sa, Houston, TX: received FDIC assistance June 24, 1983
Colonial Sa in Houston, Texas, received open bank assistance from the FDIC on June 24, 1983. It held $90 million in assets and $83.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $518,851 (0.6% of its assets). By assets it was the 36th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- June 24, 1983
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- TCF Banking & Savings FA, Minneapolis, MN
- Total assets
- $90,045,579
- Total deposits
- $83,614,130
- Estimated cost to the FDIC
- $518,851 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31288
Other bank failures in Texas, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| State S&LA of Lubbock (assistance) | Lubbock | December 20, 1985 | $841.6 million | $815 million | $1.15 billion | Merabank Texas FSB |
| Brownfield S&LA (assistance) | Brownfield | December 20, 1985 | $64.7 million | $59.9 million | $11 million | Merabank Texas, FSB |
| Hi-Plains S&LA (assistance) | Hereford | November 25, 1985 | $114.6 million | $100.5 million | $112.6 million | Consolidated S&LA |
| Chester State Bank | Chester | November 22, 1985 | $11.7 million | $11 million | $2.1 million | Bank of East Texas |
| First National Bank of Teague | Teague | November 14, 1985 | $32 million | $29.2 million | $7.9 million | |
| Northshore Bank | Houston | November 8, 1985 | $47.2 million | $43.3 million | $12.2 million | Bank of Woodforest |
| The Early Bank | Early | October 18, 1985 | $15.8 million | $15.1 million | $3.1 million | Texas Bank |
| Western State Bank | Denton | September 27, 1985 | $27.8 million | $23.7 million | $8 million | Texas Bank of Denton |
All bank failures in 1983 · All bank failures in Texas · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.