Bank failure · TX

Great West Savings Bank (Austin, TX) — failed September 30, 1988

Great West Savings Bank 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 $179.9M in assets and $182.3M in deposits. The FDIC's estimated loss on the failure is $190.6M (106.0% of assets).