Bank failure · TX

First Fs & LA of Wichita Falls (Wichita Falls, TX) — failed March 16, 1990

First Fs & LA of Wichita Falls of Wichita Falls, Texas was closed on March 16, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $84.8M in assets and $88.1M in deposits. The FDIC's estimated loss on the failure is $17.1M (20.2% of assets).