Bank failure · TX

First Fs & LA (Temple, TX) — failed August 24, 1990

First Fs & LA of Temple, Texas was closed on August 24, 1990 and resolved through a purchase and assumption. Kilgore Fs&la (TX) took over its insured deposits. At failure it held $315.4M in assets and $327.4M in deposits. The FDIC's estimated loss on the failure is $39.5M (12.5% of assets).