Bank failure · TX

Southwest S&la (Abilene, TX) — failed October 14, 1988

Southwest S&la of Abilene, 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 $154.3M in assets and $328.8M in deposits. The FDIC's estimated loss on the failure is $415.7M (269.3% of assets).