Bank failure · TX

First Western S&la (Colorado City, TX) — failed December 22, 1988

First Western S&la of Colorado City, Texas was closed on December 22, 1988 and resolved through a a/a. Consolidated S&la (TX) took over its insured deposits. At failure it held $83.4M in assets and $111.3M in deposits. The FDIC's estimated loss on the failure is $72.1M (86.5% of assets).