Bank failure · TX

Lamar Savings Association (Austin, TX) — failed May 18, 1988

Lamar Savings Association of Austin, Texas was closed on May 18, 1988 and resolved through a a/a. Southwest Sa (TX) took over its insured deposits. At failure it held $1.9B in assets and $2.1B in deposits. The FDIC's estimated loss on the failure is $2.0B (104.0% of assets).