Bank failure · TX

Reliance Savings Association (Houston, TX) — failed December 22, 1988

Reliance Savings Association of Houston, Texas was closed on December 22, 1988 and resolved through a a/a. Consolidated S&la (TX) took over its insured deposits. At failure it held $41.5M in assets and $55.8M in deposits. The FDIC's estimated loss on the failure is $59.9M (144.2% of assets).