Bank failure · TX

Lamesa Fs&la (Lamesa, TX) — failed December 22, 1988

Lamesa Fs&la of Lamesa, 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 $89.3M in assets and $80.7M in deposits. The FDIC's estimated loss on the failure is $20.7M (23.1% of assets).