Bank failure · TX

Peoples S&la (Llano, TX) — failed December 29, 1988

Peoples S&la of Llano, Texas was closed on December 29, 1988 and resolved through a a/a. Texas Trust Savings Bank Fs (TX) took over its insured deposits. At failure it held $171.1M in assets and $382.8M in deposits. The FDIC's estimated loss on the failure is $380.9M (222.6% of assets).