Bank failure · TX

Skyline Savings Association (Dallas, TX) — failed August 18, 1988

Skyline Savings Association of Dallas, Texas was closed on August 18, 1988 and resolved through a a/a. American Federal Bank FSB (TX) took over its insured deposits. At failure it held $118.2M in assets and $116.5M in deposits. The FDIC's estimated loss on the failure is $61.3M (51.9% of assets).