Bank failure · TX

Federated S&la (San Antonio, TX) — failed August 19, 1988

Federated S&la of San Antonio, Texas was closed on August 19, 1988 and resolved through a assisted merger. Sunbelt Savings FSB (TX) took over its insured deposits. At failure it held $150.1M in assets and $158.1M in deposits. The FDIC's estimated loss on the failure is $97.8M (65.2% of assets).