Bank failure · TX

First Fs&la (Luling, TX) — failed December 29, 1988

First Fs&la of Luling, Texas was closed on December 29, 1988 and resolved through a a/a. Pacific Southwest Sb FSB (TX) took over its insured deposits. At failure it held $30.6M in assets and $47.7M in deposits. The FDIC's estimated loss on the failure is $47.7M (155.8% of assets).