Bank failure · TX

San Angelo Savings Association (San Angelo, TX) — failed October 14, 1988

San Angelo Savings Association of San Angelo, Texas was closed on October 14, 1988 and resolved through a a/a. Olney S&la (TX) took over its insured deposits. At failure it held $124.5M in assets and $162.8M in deposits. The FDIC's estimated loss on the failure is $178.0M (142.9% of assets).