Bank failure · TX

Paris S&la (Paris, TX) — failed August 18, 1988

Paris S&la of Paris, Texas was closed on August 18, 1988 and resolved through a a/a. American Federal Bank FSB (TX) took over its insured deposits. At failure it held $254.1M in assets and $401.1M in deposits. The FDIC's estimated loss on the failure is $464.5M (182.8% of assets).