Bank failure · TX

First Fsa (Borger, TX) — failed May 18, 1990

First Fsa of Borger, Texas was closed on May 18, 1990 and resolved through a purchase and assumption. Amarillo Nb (TX) took over its insured deposits. At failure it held $63.2M in assets and $53.7M in deposits. The FDIC's estimated loss on the failure is $16.6M (26.2% of assets).