Bank failure · TX

First Federal Savings & Loan (New Braunfels, TX) — failed May 25, 1990

First Federal Savings & Loan of New Braunfels, Texas was closed on May 25, 1990 and resolved through a insured deposit transfer. Victoria B&tc (TX) took over its insured deposits. At failure it held $232.3M in assets and $209.0M in deposits. The FDIC's estimated loss on the failure is $29.6M (12.7% of assets).