Data / Bank failures / 1981 / First Financial FS&LA
First Financial FS&LA, Bellaire, TX: received FDIC assistance July 10, 1981
First Financial FS&LA in Bellaire, Texas, received open bank assistance from the FDIC on July 10, 1981. It held $5.9 million in assets and $4.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.8 million (30.6% of its assets). By assets it was the 37th largest of 40 banks closed or assisted in 1981.
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The FDIC's record
- Closed
- July 10, 1981
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- South Texas Savings Assn, Victoria, TX
- Total assets
- $5,924,868
- Total deposits
- $4,844,106
- Estimated cost to the FDIC
- $1,811,146 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31754
Other bank failures in Texas, 1979 to 1983
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The First Nat BK of Midland | Midland | October 14, 1983 | $1.41 billion | $780.1 million | $526.6 million | Republicbank 1ST Natl Mi |
| National BK of Odessa | Odessa | September 30, 1983 | $92.9 million | $100.5 million | $22.7 million | First STB of Odessa NA |
| Metro Bank | Midland | July 29, 1983 | $33.6 million | $31.1 million | $13.2 million | Mid-Cities National Bank |
| Colonial Sa (assistance) | Houston | June 24, 1983 | $90 million | $83.6 million | $518,851 | TCF Banking & Savings FA |
| Ranchlander National Bank | Melvin | November 19, 1982 | $4.3 million | $4.1 million | $2.2 million | |
| Texas BK of Amarillo | Amarillo | November 5, 1982 | $13.1 million | $11.5 million | $1.3 million | First Bank of Amarillo |
| Modern S&LA (assistance) | Pasadena | October 22, 1982 | $20.7 million | $17.6 million | Texas Western FS&LA | |
| Corsicana FS&LA (assistance) | Corsicana | October 22, 1982 | $70.3 million | $68.3 million | Texas Western FS&LA |
All bank failures in 1981 · 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.