Data / Bank failures / Olney S&LA
Failed banks taken over by Olney S&LA: 11
Olney S&LA took over 11 failed banks between October 14, 1988 and October 14, 1988, holding $3.61 billion in assets and $3.35 billion in deposits. The FDIC estimates the cost to its insurance fund at $2.20 billion. The largest: Olney Savings Association ($1.34 billion), Banc Home Savings Association ($603.4 million), Security FS&LA ($396 million).
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Every bank it took over, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Petroplex Savings Association (assistance) | Midland | TX | October 14, 1988 | $113.9 million | $178.1 million | $156.5 million | Olney S&LA |
| Shamrock Federal Savings Bank (assistance) | Shamrock | TX | October 14, 1988 | $102.3 million | $104 million | $81.9 million | Olney S&LA |
| Heart O Texas Savings Association (assistance) | Midland | TX | October 14, 1988 | $269.5 million | $201.7 million | $97.4 million | Olney S&LA |
| Southern S&LA (assistance) | Brownwood | TX | October 14, 1988 | $154.9 million | $160.3 million | $109.6 million | Olney S&LA |
| Banc Home Savings Association (assistance) | Midland | TX | October 14, 1988 | $603.4 million | $680.9 million | $44.2 million | Olney S&LA |
| Southwest S&LA (assistance) | Abilene | TX | October 14, 1988 | $154.3 million | $328.8 million | $415.7 million | Olney S&LA |
| Odessa Savings Association (assistance) | Odessa | TX | October 14, 1988 | $132.1 million | $156.6 million | $90.9 million | Olney S&LA |
| San Angelo Savings Association (assistance) | San Angelo | TX | October 14, 1988 | $124.5 million | $162.8 million | $178 million | Olney S&LA |
| First FS&LA (assistance) | Amarillo | TX | October 14, 1988 | $214.1 million | $203.8 million | $157.7 million | Olney S&LA |
| Security FS&LA (assistance) | Pampa | TX | October 14, 1988 | $396 million | $289.9 million | $141.6 million | Olney S&LA |
| Olney Savings Association (assistance) | Olney | TX | October 14, 1988 | $1.34 billion | $880.9 million | $727.1 million | Olney S&LA |
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
- U.S. Bank, NA 11
- American Federal Bank FSB 10
- 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.