Bank failure · TX

Bluebonnet Sa of Texas (Hempstead, TX) — failed May 26, 1988

Bluebonnet Sa of Texas of Hempstead, Texas was closed on May 26, 1988 and resolved through a a/a. First FSB of Hempstead (TX) took over its insured deposits. At failure it held $24.1M in assets and $29.3M in deposits. The FDIC's estimated loss on the failure is $10.6M (44.0% of assets).