Bank failure · TX

Union Sa (San Antonio, TX) — failed December 29, 1988

Union Sa of San Antonio, Texas was closed on December 29, 1988 and resolved through a a/a. Pacific Southwest Sb FSB (TX) took over its insured deposits. At failure it held $72.1M in assets and $73.8M in deposits. The FDIC's estimated loss on the failure is $42.7M (59.2% of assets).