Bank failure · TX

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

Longview S&la of Longview, 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 $145.6M in assets and $158.9M in deposits. The FDIC's estimated loss on the failure is $102.4M (70.3% of assets).