Bank failure · TX

Ranchers Savings Association (Johnson City, TX) — failed December 29, 1988

Ranchers Savings Association of Johnson City, 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 $56.2M in assets and $93.3M in deposits. The FDIC's estimated loss on the failure is $112.4M (200.2% of assets).