Bank failure · TX

Banc Home Savings Association (Midland, TX) — failed October 14, 1988

Banc Home Savings Association of Midland, Texas was closed on October 14, 1988 and resolved through a a/a. Olney S&la (TX) took over its insured deposits. At failure it held $603.4M in assets and $680.9M in deposits. The FDIC's estimated loss on the failure is $44.2M (7.3% of assets).