Bank failure · TX

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

Mineral Wells S&la of Mineral Wells, 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 $31.5M in assets and $34.8M in deposits. The FDIC's estimated loss on the failure is $11.1M (35.3% of assets).