Bank failure · TX

Tesoro S&la (Laredo, TX) — failed November 18, 1988

Tesoro S&la of Laredo, Texas was closed on November 18, 1988 and resolved through a a/a. Americity FSB (TX) took over its insured deposits. At failure it held $248.1M in assets and $334.7M in deposits. The FDIC's estimated loss on the failure is $230.4M (92.9% of assets).