Bank failure · TX

Texana S&la (Texarkana, TX) — failed August 19, 1988

Texana S&la of Texarkana, 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 $78.1M in assets and $75.5M in deposits. The FDIC's estimated loss on the failure is $48.1M (61.6% of assets).