Bank failure · TX

First Fs&la (Big Spring, TX) — failed December 22, 1988

First Fs&la of Big Spring, Texas was closed on December 22, 1988 and resolved through a a/a. Consolidated S&la (TX) took over its insured deposits. At failure it held $129.3M in assets and $113.2M in deposits. The FDIC's estimated loss on the failure is $73.8M (57.1% of assets).