Bank failure · TX

Charter Savings S&la (Corpus Christi, TX) — failed December 29, 1988

Charter Savings S&la of Corpus Christi, Texas was closed on December 29, 1988 and resolved through a a/a. Pacific Southwest Sb FSB (TX) took over its insured deposits. At failure it held $396.8M in assets and $551.9M in deposits. The FDIC's estimated loss on the failure is $614.8M (154.9% of assets).