Bank failure · TX

First Savings of East Texas (San Augustine, TX) — failed January 15, 1988

First Savings of East Texas of San Augustine, Texas was closed on January 15, 1988 and resolved through a insured deposit transfer. 0 (0) took over its insured deposits. At failure it held $61.7M in assets and $132.4M in deposits. The FDIC's estimated loss on the failure is $96.6M (156.6% of assets).