Bank failure · TX

Commodore Savings Association (Dallas, TX) — failed December 22, 1988

Commodore Savings Association of Dallas, Texas was closed on December 22, 1988 and resolved through a a/a. Consolidated S&la (TX) took over its insured deposits. At failure it held $499.4M in assets and $1.1B in deposits. The FDIC's estimated loss on the failure is $1.3B (269.3% of assets).