Bank failure · TX

Sunbelt Savings Association of Texas (Dallas, TX) — failed August 19, 1988

Sunbelt Savings Association of Texas of Dallas, Texas was closed on August 19, 1988 and resolved through a assisted merger. Sunbelt Savings FSB (TX) took over its insured deposits. At failure it held $2.2B in assets and $3.3B in deposits. The FDIC's estimated loss on the failure is $3.8B (171.1% of assets).