Bank failure · TX

Burnet S&la (Burnet, TX) — failed December 29, 1988

Burnet S&la of Burnet, Texas was closed on December 29, 1988 and resolved through a a/a. Texas Trust Savings Bank Fs (TX) took over its insured deposits. At failure it held $28.1M in assets and $27.4M in deposits. The FDIC's estimated loss on the failure is $11.5M (41.0% of assets).