Bank Failure
Helotes State Bank
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Closed June 15, 1989 · Helotes, TX · FDIC Cert #23695.
- Closing date
- June 15, 1989
- Headquarters
- Helotes, TX
- FDIC Certificate
- 23695
- Total assets at closing
- $21.3M
- Total deposits at closing
- $21.0M
- Estimated loss to the insurance fund
- $5.0M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Bank of Leon Springs
Context
On June 15, 1989, regulators closed Helotes State Bank, headquartered in Helotes, TX. At closing, the institution held approximately $21.3M in assets and $21.0M in deposits. The FDIC record names Bank of Leon Springs as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $5.0M.
By assets at closing this is the 2290th largest of the 3,526 bank failures in the FDIC record, and the 430th of 530 in 1989. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Helotes State Bank fail?
Helotes State Bank was closed by regulators on June 15, 1989.
Who acquired Helotes State Bank?
The FDIC record names Bank of Leon Springs as the acquiring institution in the resolution of Helotes State Bank.
How big was Helotes State Bank when it failed?
Helotes State Bank had approximately $21.3M in total assets and $21.0M in deposits at the time of failure.
Other failures in 1989
| Date | Bank | Assets |
|---|---|---|
| Dec 21, 1989 | Columbia FSA | $77.1M |
| Dec 21, 1989 | Silver Savings Assoc. | $32.2M |
| Dec 20, 1989 | First City National Bank and Trust | $39.5M |
| Dec 20, 1989 | United Community Bank | $32.3M |
| Dec 15, 1989 | First American Bank and Trust | $1.38B |
| Dec 14, 1989 | Yorkridge-Calvert Federal Savings | $585.8M |
| Dec 14, 1989 | Louisiana Savings Assn. | $449.3M |
| Dec 14, 1989 | First Acadiana Bank | $46.8M |
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