Data / Bank failures / 1991 / First Federal Savings & Loan
First Federal Savings & Loan, San Antonio, TX: failed January 4, 1991
First Federal Savings & Loan in San Antonio, Texas, failed on January 4, 1991. First FSB of San Antonio, TX, took over its deposits. It held $638.6 million in assets and $472.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $37.7 million (5.9% of its assets). By assets it was the 46th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- January 4, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First FSB, San Antonio, TX
- Total assets
- $638,622,000
- Total deposits
- $472,426,000
- Estimated cost to the FDIC
- $37,684,705 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29638
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 First FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Federal Savings of Toledo | Toledo | OH | February 1, 1991 | $1.02 billion | $1.02 billion | $38.4 million | First FSB |
| First Federal Sav. Assoc./bluefield | Bluefield | WV | February 23, 1990 | $39.3 million | $33.2 million | $2.6 million | First FSB |
| Broadview Savings Bank | Cleveland | OH | March 30, 1989 | $1.78 billion | $1.14 billion | $94.7 million | First FSB |
| Pan American, FS&LA (assistance) | Rio Piedras | PR | November 20, 1981 | $43.9 million | $31.6 million | First FSB | |
| First FS&LA of Puerto Rico (assistance) | Santurce | PR | November 20, 1981 | First FSB |
All bank failures in 1991 · All bank failures in Texas · Every failed bank First FSB 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.