Bank failure · TX

Alliance S&la (Houston) (Austin, TX) — failed May 13, 1988

Alliance S&la (Houston) of Austin, Texas was closed on May 13, 1988 and resolved through a a/a. Coastal Banc Sa (TX) took over its insured deposits. At failure it held $103.7M in assets and $127.6M in deposits. The FDIC's estimated loss on the failure is $118.1M (113.9% of assets).