Continental Savings Association

Status:Inactive as of 09/26/1988
 Merger - Assisted
Successor Bank:Continental Savings, A Federal Savings and Loan Association
Headquarters:Continental Savings Association
4500 Bissonnet Two Bissonnet Park
Bellaire, TX 77401
Established:07/10/1953
FDIC Insurance:07/10/1953
FDIC Cert:#30625
Charter Class:
Total Assets:$363,720,000
Total Deposits:$585,384,000

History

1953-07-10Institution established: Original name:Continental Savings Association
1980-08-31Acquired Navarro Savings Association (30910) in CORSICANA, TX
1982-01-31Acquired Frontier Savings Association (31458) in PLAINVIEW, TX
1982-04-30Acquired First Savings and Loan Association (30917) in BOWIE, TX
1985-06-30Moved bank headquarters from FREEPORT, TX to ANGLETON, TX
1988-09-26Institution established: Original name:Continental Savings, A Federal Savings and Loan Association (32616)
1988-09-26Failed. Acquired with government financial assistance and subsequently operated as part of Continental Savings, A Federal Savings and Loan Association (32616)
1988-09-30Acquired
1989-03-09Placed into government conservatorship.
1991-08-16Acquired after government financial assistance and subsequently operated as part of Kilgore Federal Savings and Loan Association (29155)
1991-08-16Government conservatorship or bridge bank resolved.
1991-09-06Acquired First Savings and Loan Association, F.A. (33166) in TEMPLE, TX
1991-09-27Acquired First Federal Savings and Loan Association (27633) in BEAUMONT, TX
1992-02-01Merged into and subsequently operated as part of Guaranty Federal Savings Bank (32618) in DALLAS, TX
1992-03-09Changed name to Guaranty Federal Bank, F.S.B. (32618)
1992-05-13Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1993-11-13Acquired American Federal Bank FSB (32597) in DALLAS, TX
1994-06-29Acquired First Federal Savings Bank (33295) in SAN ANTONIO, TX
1997-06-27Acquired Stockton Savings Bank, FSB (28674) in STOCKTON, CA
1999-06-30Acquired Hemet Federal Savings and Loan Association (28795) in HEMET, CA
2000-11-28Changed name to Guaranty Bank (32618)
2004-01-06Moved bank headquarters from DALLAS, TX to AUSTIN, TX
2009-08-21Failed. Acquired with government financial assistance and subsequently operated as part of Compass Bank (19048)
2009-09-11Acquired Central Bank of the South (20024) in ANNISTON, AL
2009-09-11Acquired BBVA Bancomer USA (18255) in DIAMOND BAR, CA
2019-06-10Changed name to BBVA USA (19048)