Bank failure · TX

City S&la (San Angelo, TX) — failed May 18, 1988

City S&la of San Angelo, Texas was closed on May 18, 1988 and resolved through a a/a. Southwest Sa (TX) took over its insured deposits. At failure it held $681.2M in assets and $867.6M in deposits. The FDIC's estimated loss on the failure is $911.9M (133.9% of assets).