Bank failure · TX

Home S&la (Lufkin, TX) — failed December 22, 1988

Home S&la of Lufkin, Texas was closed on December 22, 1988 and resolved through a a/a. Consolidated S&la (TX) took over its insured deposits. At failure it held $278.5M in assets and $394.7M in deposits. The FDIC's estimated loss on the failure is $356.3M (128.0% of assets).