Bank failure · TX

Delta Savings Association of Texas (Alvin, TX) — failed September 30, 1988

Delta Savings Association of Texas of Alvin, Texas was closed on September 30, 1988 and resolved through a a/a. Guaranty FSB (TX) took over its insured deposits. At failure it held $202.6M in assets and $313.3M in deposits. The FDIC's estimated loss on the failure is $258.3M (127.5% of assets).