Bank failure · TX

Home Sa (Houston, TX) — failed December 22, 1988

Home Sa of Houston, Texas was closed on December 22, 1988 and resolved through a a/a. First Gibraltar Bank FSB (TX) took over its insured deposits. At failure it held $495.5M in assets and $543.6M in deposits. The FDIC's estimated loss on the failure is $309.7M (62.5% of assets).