Bank failure · TX

Killeen S&la (Killeen, TX) — failed December 27, 1988

Killeen S&la of Killeen, Texas was closed on December 27, 1988 and resolved through a a/a. First Gibraltar Bank FSB (TX) took over its insured deposits. At failure it held $163.4M in assets and $267.0M in deposits. The FDIC's estimated loss on the failure is $195.1M (119.4% of assets).