Bank failure · TX

Shamrock Federal Savings Bank (Shamrock, TX) — failed October 14, 1988

Shamrock Federal Savings Bank of Shamrock, 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 $102.3M in assets and $104.0M in deposits. The FDIC's estimated loss on the failure is $81.9M (80.0% of assets).