Bank failure · TX

Gladewater Fs&la (Gladewater, TX) — failed August 18, 1988

Gladewater Fs&la of Gladewater, Texas was closed on August 18, 1988 and resolved through a a/a. American Federal Bank FSB (TX) took over its insured deposits. At failure it held $24.9M in assets and $35.8M in deposits. The FDIC's estimated loss on the failure is $22.7M (91.3% of assets).