Bank failure · TX

Champion Savings Association (Houston, TX) — failed September 23, 1988

Champion Savings Association of Houston, Texas was closed on September 23, 1988 and resolved through a a/a. Heights of Texas FSB (TX) took over its insured deposits. At failure it held $656.7M in assets and $804.1M in deposits. The FDIC's estimated loss on the failure is $427.6M (65.1% of assets).