Bank failure · WA

Tri-Cities Savings and Loan (Kennewick, WA) — failed April 11, 1988

Tri-Cities Savings and Loan of Kennewick, Washington was closed on April 11, 1988 and resolved through a a/a. Sterling Savings of Spokane (WA) took over its insured deposits. At failure it held $53.1M in assets and $43.8M in deposits. The FDIC's estimated loss on the failure is $14.2M (26.7% of assets).