Bank failure · TX

Hi-Plains S&la (Hereford, TX) — failed November 25, 1985

Hi-Plains S&la of Hereford, Texas was closed on November 25, 1985 and resolved through a a/a. Consolidated S&la (TX) took over its insured deposits. At failure it held $114.6M in assets and $100.5M in deposits. The FDIC's estimated loss on the failure is $112.6M (98.3% of assets).