Bank failure · TX

First Financial Fs&la (Bellaire, TX) — failed July 10, 1981

First Financial Fs&la of Bellaire, Texas was closed on July 10, 1981 and resolved through a a/a. South Texas Savings Assn (TX) took over its insured deposits. At failure it held $5.9M in assets and $4.8M in deposits. The FDIC's estimated loss on the failure is $1.8M (30.6% of assets).