Bank failure · TX

United Savings Association of Texas (Houston, TX) — failed December 30, 1988

United Savings Association of Texas of Houston, Texas was closed on December 30, 1988 and resolved through a a/a. United Sa of Texas FSB (TX) took over its insured deposits. At failure it held $4.6B in assets and $3.5B in deposits. The FDIC's estimated loss on the failure is $1.5B (32.7% of assets).