Bank failure · TX

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

Olney Savings Association of Olney, 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 $1.3B in assets and $880.9M in deposits. The FDIC's estimated loss on the failure is $727.1M (54.2% of assets).