Data / Bank failures / 1990 / First FS & La
First FS & La, Temple, TX: failed August 24, 1990
First FS & La in Temple, Texas, failed on August 24, 1990. Kilgore FS&LA of Kilgore, TX, took over its deposits. It held $315.4 million in assets and $327.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $39.5 million (12.5% of its assets). By assets it was the 71st largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- August 24, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Kilgore FS&LA, Kilgore, TX
- Total assets
- $315,404,000
- Total deposits
- $327,353,000
- Estimated cost to the FDIC
- $39,538,986 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29371
Other bank failures in Texas, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Citizens State Bank (assistance) | Princeton | December 10, 1992 | $12.9 million | $12.8 million | $246,897 | Citizens State Bank |
| First City, Texas - San Antonio | San Antonio | October 30, 1992 | $265.7 million | $259 million | The Frost National Bank | |
| First City, Texas - Corpus Chris | Corpus Christi | October 30, 1992 | $462.8 million | $383.4 million | Mercantile Bank, NA | |
| First City, Texas - Aransas Pass | Aransas Pass | October 30, 1992 | $51.7 million | $47.2 million | Corpus Christi National Ban | |
| First City, Texas - Alice, NA | Alice | October 30, 1992 | $128 million | $118 million | Alice Bank of Texas | |
| First City, Texas - Kountze, NA | Kountze | October 30, 1992 | $51.3 million | $47 million | Citizens Bank | |
| First City, Texas - El Paso, NA | El Paso | October 30, 1992 | $395.9 million | $367.3 million | Sunwest Bank of El Paso | |
| First City, Texas - Lake Jackson | Lake Jackson | October 30, 1992 | $104.3 million | $96.4 million | First Heights Bank, FSB |
Other failed banks Kilgore FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Federal Savings | Beaumont | TX | September 27, 1991 | $251.2 million | $251.7 million | $24.9 million | Kilgore FS&LA |
| Atlanta Fsa | Atlanta | TX | August 31, 1990 | $89.4 million | $89.6 million | $8.4 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 1990 · 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.