Data / Bank failures / American Federal Bank FSB
Failed banks taken over by American Federal Bank FSB: 10
American Federal Bank FSB took over 10 failed banks between August 18, 1988 and August 18, 1988, holding $1.71 billion in assets and $2.03 billion in deposits. The FDIC estimates the cost to its insurance fund at $1.55 billion. The largest: Richardson Savings Association ($706.2 million), Majestic Savings Association ($283.5 million), Paris S&LA ($254.1 million).
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Every bank it took over, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Skyline Savings Association (assistance) | Dallas | TX | August 18, 1988 | $118.2 million | $116.5 million | $61.3 million | American Federal Bank FSB |
| Southland Savings Association (assistance) | Longview | TX | August 18, 1988 | $31.5 million | $34.5 million | $21.3 million | American Federal Bank FSB |
| American Banc Savings Associat (assistance) | Dallas | TX | August 18, 1988 | $62.8 million | $62.3 million | $40.8 million | American Federal Bank FSB |
| Paris S&LA (assistance) | Paris | TX | August 18, 1988 | $254.1 million | $401.1 million | $464.5 million | American Federal Bank FSB |
| Longview S&LA (assistance) | Longview | TX | August 18, 1988 | $145.6 million | $158.9 million | $102.4 million | American Federal Bank FSB |
| Richardson Savings Association (assistance) | Dallas | TX | August 18, 1988 | $706.2 million | $747.4 million | $487.5 million | American Federal Bank FSB |
| Majestic Savings Association (assistance) | McKinney | TX | August 18, 1988 | $283.5 million | $333 million | $226.3 million | American Federal Bank FSB |
| Irving S&LA (assistance) | Irving | TX | August 18, 1988 | $53.1 million | $105.9 million | $117 million | American Federal Bank FSB |
| Commerce FS&LA (assistance) | Commerce | TX | August 18, 1988 | $29.5 million | $32.7 million | $9.9 million | American Federal Bank FSB |
| Gladewater FS&LA (assistance) | Gladewater | TX | August 18, 1988 | $24.9 million | $35.8 million | $22.7 million | American Federal Bank FSB |
Other acquiring banks
- NCNB Texas National Bank 66
- Texas American Bridge Bank 24
- Bank One, Texas, N.A. 20
- First State Bank 18
- Kilgore FS&LA 16
- The First National Bank of 16
- Consolidated S&LA 15
- Hibernia National Bank in T 15
- Citizens Bank 12
- State Bank and Trust Company 12
- Deposit Guaranty Bank 11
- First Bank 11
- Olney S&LA 11
- U.S. Bank, NA 11
- Ameris Bank 10
- Central Bank 9
- First-Citizens Bank & Trust Company 9
- Home Sa of America 9
- Citizens State Bank 8
- Community & Southern Bank 8
- First American Bank 8
- Bank of the Ozarks 7
- Centennial Bank 7
- Channelview Bank 7
- Hibernia National Bank 7
- Pacific Southwest SB FSB 7
- Premier American Bank, National Association 7
- Texas Commerce Bank NA 7
- Bank One, Texas, National A 6
- Comerica Bank-Texas 6
- First FSB 6
- First National Bank 6
- Horizon FS&LA 6
- Household Bank FSB 6
- Republic Bank of Chicago 6
- Sunbelt Savings FSB 6
- 1ST United Bank 5
- American National Bank 5
- Anchor Savings Bank FSB 5
- Centerstate Bank of Florida, National Association 5
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.