Bank failure · TX

Franklin Savings Association (Austin, TX) — failed September 30, 1988

Franklin Savings Association of Austin, Texas was closed on September 30, 1988 and resolved through a a/a. Franklin Federal Bcorp, a F (TX) took over its insured deposits. At failure it held $410.9M in assets and $615.6M in deposits. The FDIC's estimated loss on the failure is $681.0M (165.7% of assets).