Bank failure · TX

Irving S&la (Irving, TX) — failed August 18, 1988

Irving S&la of Irving, Texas was closed on August 18, 1988 and resolved through a a/a. American Federal Bank FSB (TX) took over its insured deposits. At failure it held $53.1M in assets and $105.9M in deposits. The FDIC's estimated loss on the failure is $117.0M (220.5% of assets).