Bank failure · TX

Burleson County Savings Assoc. (Caldwell, TX) — failed May 31, 1991

Burleson County Savings Assoc. of Caldwell, Texas was closed on May 31, 1991 and resolved through a purchase and assumption. Citizens State Bank (TX) took over its insured deposits. At failure it held $31.5M in assets and $32.0M in deposits. The FDIC's estimated loss on the failure is $7.4M (23.5% of assets).