Bank failure · TX

Cameron County S&la (San Benito, TX) — failed May 13, 1988

Cameron County S&la of San Benito, Texas was closed on May 13, 1988 and resolved through a a/a. Coastal Banc Sa (TX) took over its insured deposits. At failure it held $27.6M in assets and $27.0M in deposits. The FDIC's estimated loss on the failure is $12.1M (43.7% of assets).