Data / Bank failures / 1991 / First Federal Savings
First Federal Savings, Beaumont, TX: failed September 27, 1991
First Federal Savings in Beaumont, Texas, failed on September 27, 1991. Kilgore FS&LA of Kilgore, TX, took over its deposits. It held $251.2 million in assets and $251.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $24.9 million (9.9% of its assets). By assets it was the 79th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- September 27, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Kilgore FS&LA, Kilgore, TX
- Total assets
- $251,153,000
- Total deposits
- $251,734,000
- Estimated cost to the FDIC
- $24,891,260 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 27633
Other bank failures in Texas, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Plaza Bank, N.A. of New Braunfels | New Braunfels | October 14, 1993 | $54.6 million | $56.9 million | $2.7 million | Texas Com Bank-New Braun |
| Tarrant Bank | Fort Worth | August 25, 1993 | $62.6 million | $59.7 million | $7.3 million | First Interstate BK of T |
| The Wolfe City National Bank | Wolfe City | July 29, 1993 | $30.4 million | $32.2 million | $4.9 million | Sulphur Springs State Ba |
| Fidelity National Bank | Houston | July 22, 1993 | $52.6 million | $50.3 million | $5.5 million | Comerica Bank Texas |
| Westheimer National Bank | Houston | July 1, 1993 | $27.9 million | $28.1 million | $8.2 million | Nationsbank of Texas NA |
| Bankcentral Amarillo | Amarillo | June 10, 1993 | $34.7 million | $34.1 million | $2.5 million | Amarillo National Bank |
| First State Bank | Vega | April 1, 1993 | $21.4 million | $20.7 million | $2.8 million | Citizens STB of Dalhart |
| United Bank, N.A. | Lancaster | March 18, 1993 | $49.8 million | $49 million | $160,905 | Kilgore First National Bank |
Other failed banks Kilgore FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Atlanta Fsa | Atlanta | TX | August 31, 1990 | $89.4 million | $89.6 million | $8.4 million | Kilgore FS&LA |
| First FS & La | Temple | TX | August 24, 1990 | $315.4 million | $327.4 million | $39.5 million | Kilgore FS&LA |
| Marshall FS & La | Marshall | TX | January 18, 1990 | $62 million | $57.8 million | $14.4 million | Kilgore FS&LA |
| First Garland Fed. S & L | Garland | TX | September 21, 1989 | $132.4 million | $106.4 million | $31.9 million | Kilgore FS&LA |
| First Fed. S & La of Brenham | Brenham | TX | September 21, 1989 | $148.4 million | $138.9 million | $50 million | Kilgore FS&LA |
| Denton Federal Savings | Denton | TX | August 24, 1989 | $142.7 million | $148 million | $32 million | Kilgore FS&LA |
| Taylorbanc Federal S & L | Taylor | TX | August 17, 1989 | $139.5 million | $137.4 million | $47.6 million | Kilgore FS&LA |
| Fsa of the Southwest | Kilgore | TX | July 27, 1989 | $45.8 million | $36.5 million | $17.6 million | Kilgore FS&LA |
All bank failures in 1991 · All bank failures in Texas · Every failed bank Kilgore FS&LA took over · 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.