Bank failure · TX

Seguin Savings Association (Seguin, TX) — failed December 29, 1988

Seguin Savings Association of Seguin, Texas was closed on December 29, 1988 and resolved through a a/a. Pacific Southwest Sb FSB (TX) took over its insured deposits. At failure it held $140.5M in assets and $169.4M in deposits. The FDIC's estimated loss on the failure is $159.1M (113.3% of assets).