Bank failure · TX

Security S&la (Dickinson, TX) — failed May 13, 1988

Security S&la of Dickinson, Texas was closed on May 13, 1988 and resolved through a a/a. Coastal Banc Sa (TX) took over its insured deposits. At failure it held $105.8M in assets and $111.7M in deposits. The FDIC's estimated loss on the failure is $68.1M (64.3% of assets).