Record · Bank
FIRST EQUITY SA
FIRST EQUITY SA held $87.1 million in total assets at failure as of March 9, 1989, according to the FDIC.
FIRST EQUITY SA, of TOMBALL, TX, was an FDIC-insured institution that closed on March 9, 1989, as the FDIC records it.
The failure
- March 9, 1989
- Closed
- $87.1 million
- Assets at failure
- $87,146,000
- $120.5 million
- Deposits at failure
- $120,497,000
- $91.3 million
- Estimated cost to the insurance fund
- $91,330,885
- The FDIC's estimate as of July 31, 2026; it revises the estimate as it sells the bank's assets.
- KILGORE FS&LA
- Acquired by
- KILGORE, TX
The FDIC’s entry
- FDIC certificate number
- 31767
- Resolution
- FAILURE
- Transaction type
- PA
- Charter class
- SL
- Insurance fund
- RTC
- Insured since
- August 9, 1989
- Established
- January 1, 1973
- Recorded in
- The FDIC’s failures data
Sources
- FDIC failures — every bank failure and assistance transaction since 1934 — Federal Deposit Insurance Corporation · Public domain — U.S. Government work · retrieved September 27, 2026
Compiled automatically from FDIC failures — every bank failure and assistance transaction since 1934 by a checked SQL query · Editor: Kian O'Connor · How this site is built
Data retrieved