Record · Bank
SPINDLETOP SA
SPINDLETOP SA held $180.5 million in total assets at failure as of March 16, 1989, according to the FDIC.
SPINDLETOP SA, of BEAUMONT, TX, was an FDIC-insured institution that closed on March 16, 1989, as the FDIC records it.
The failure
- March 16, 1989
- Closed
- $180.5 million
- Assets at failure
- $180,509,000
- $325.3 million
- Deposits at failure
- $325,273,000
- $266.8 million
- Estimated cost to the insurance fund
- $266,768,132
- The FDIC's estimate as of July 31, 2026; it revises the estimate as it sells the bank's assets.
- FIRST CITY BANK, NA
- Acquired by
- BEAUMONT, TX
The FDIC’s entry
- FDIC certificate number
- 32129
- Resolution
- FAILURE
- Transaction type
- IDT
- Charter class
- SL
- Insurance fund
- RTC
- Insured since
- August 9, 1989
- Established
- January 1, 1980
- 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