Bank failure · TX

American Banc Savings Associat (Dallas, TX) — failed August 18, 1988

American Banc Savings Associat of Dallas, Texas was closed on August 18, 1988 and resolved through a a/a. American Federal Bank FSB (TX) took over its insured deposits. At failure it held $62.8M in assets and $62.3M in deposits. The FDIC's estimated loss on the failure is $40.8M (64.9% of assets).