Bank failure · TX

First Federal Savings (Lubbock, TX) — failed October 11, 1991

First Federal Savings of Lubbock, Texas was closed on October 11, 1991 and resolved through a purchase and assumption. First Nb of Lubbock (TX) took over its insured deposits. At failure it held $223.7M in assets and $222.5M in deposits. The FDIC's estimated loss on the failure is $5.2M (2.3% of assets).