Bank failure · TX

Richardson Savings Association (Dallas, TX) — failed August 18, 1988

Richardson Savings Association of Dallas, 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 $706.1M in assets and $747.4M in deposits. The FDIC's estimated loss on the failure is $487.5M (69.0% of assets).