Bank failure · TX

First Fs&la (Amarillo, TX) — failed October 14, 1988

First Fs&la of Amarillo, Texas was closed on October 14, 1988 and resolved through a a/a. Olney S&la (TX) took over its insured deposits. At failure it held $214.1M in assets and $203.8M in deposits. The FDIC's estimated loss on the failure is $157.7M (73.7% of assets).