Bank failure · TX

Mesquite S&la (Mesquite, TX) — failed December 22, 1988

Mesquite S&la of Mesquite, 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 $47.0M in assets and $46.4M in deposits. The FDIC's estimated loss on the failure is $18.8M (39.9% of assets).