Bank failure · TX

Security Fs&la (Pampa, TX) — failed October 14, 1988

Security Fs&la of Pampa, 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 $396.0M in assets and $289.9M in deposits. The FDIC's estimated loss on the failure is $141.6M (35.8% of assets).