Bank failure · TX

Odessa Savings Association (Odessa, TX) — failed October 14, 1988

Odessa Savings Association of Odessa, Texas was closed on October 14, 1988 and resolved through a a/a. Olney S&la (TX) took over its insured deposits. At failure it held $132.1M in assets and $156.6M in deposits. The FDIC's estimated loss on the failure is $90.9M (68.8% of assets).