Bank failure · TX

Stockton Savings Association (Dallas, TX) — failed May 18, 1988

Stockton Savings Association of Dallas, Texas was closed on May 18, 1988 and resolved through a a/a. Southwest Sa (TX) took over its insured deposits. At failure it held $543.0M in assets and $784.5M in deposits. The FDIC's estimated loss on the failure is $806.3M (148.5% of assets).