Bank failure · TX

Colorado County Fs&la (Columbus, TX) — failed May 13, 1988

Colorado County Fs&la of Columbus, 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 $212.9M in assets and $224.4M in deposits. The FDIC's estimated loss on the failure is $95.2M (44.7% of assets).