Bank Failure
Murray Savings Association
BankRegReports is independent of Murray Savings Association and never asks for online banking logins or passwords.
Closed April 5, 1989 · Dallas, TX · FDIC Cert #31256.
- Closing date
- April 5, 1989
- Headquarters
- Dallas, TX
- FDIC Certificate
- 31256
- Total assets at closing
- $1.44B
- Total deposits at closing
- $1.17B
- Estimated loss to the insurance fund
- $384.4M
- Insurance fund
- Resolution Trust Corporation (RTC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- United Sa of the SW, FSB
Context
On April 5, 1989, regulators closed Murray Savings Association, headquartered in Dallas, TX. At closing, the institution held approximately $1.44B in assets and $1.17B in deposits. The FDIC record names United Sa of the SW, FSB as the acquiring institution in the resolution. The estimated cost to the Resolution Trust Corporation (RTC) was approximately $384.4M.
By assets at closing this is the 156th largest of the 3,526 bank failures in the FDIC record, and the 25th 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 Murray Savings Association fail?
Murray Savings Association was closed by regulators on April 5, 1989.
Who acquired Murray Savings Association?
The FDIC record names United Sa of the SW, FSB as the acquiring institution in the resolution of Murray Savings Association.
How big was Murray Savings Association when it failed?
Murray Savings Association had approximately $1.44B in total assets and $1.17B 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 |
Explore: all failures · TX bank events · 1989 events · events hub