Bank failure · TX

Multibanc Savings Association (Dallas, TX) — failed August 19, 1988

Multibanc Savings Association of Dallas, Texas was closed on August 19, 1988 and resolved through a assisted merger. Sunbelt Savings FSB (TX) took over its insured deposits. At failure it held $190.7M in assets and $223.0M in deposits. The FDIC's estimated loss on the failure is $163.2M (85.6% of assets).