Bank failure · TX

Buffalo S&la (Houston, TX) — failed January 15, 1982

Buffalo S&la of Houston, Texas was closed on January 15, 1982 and resolved through a a/a. Home Sa of America (CA) took over its insured deposits. At failure it held $155.3M in assets and $123.7M in deposits. The FDIC's estimated loss on the failure is $25.3M (16.3% of assets).