Bank failure · TX

Lee Savings Association (Giddings, TX) — failed December 29, 1988

Lee Savings Association of Giddings, Texas was closed on December 29, 1988 and resolved through a a/a. Texas Trust Savings Bank Fs (TX) took over its insured deposits. At failure it held $73.9M in assets and $87.5M in deposits. The FDIC's estimated loss on the failure is $62.7M (84.8% of assets).