Bank failure · TX

Texas Bank (San Antonio, TX) — failed July 14, 1988

Texas Bank of San Antonio, Texas was closed on July 14, 1988 and resolved through a a/a. Texas Bank, NA (TX) took over its insured deposits. At failure it held $57.2M in assets and $61.5M in deposits. The FDIC's estimated loss on the failure is $11.2M (19.6% of assets).