Bank failure · TX
Heart O Texas Savings Association (Midland, TX) — failed October 14, 1988
Heart O Texas Savings Association of Midland, Texas was closed on October 14, 1988 and resolved through a a/a. Olney S&la (TX) took over its insured deposits. At failure it held $269.5M in assets and $201.7M in deposits. The FDIC's estimated loss on the failure is $97.4M (36.1% of assets).
- Closing date
- October 14, 1988
- FDIC certificate #
- 31842
- Resolution
- A/A (assistance)
- Acquiring institution
- Olney S&la
- Insurance fund
- FSLIC
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