Data / Bank failures / 1988 / Cameron County S&LA
Cameron County S&LA, San Benito, TX: received FDIC assistance May 13, 1988
Cameron County S&LA in San Benito, Texas, received open bank assistance from the FDIC on May 13, 1988. It held $27.6 million in assets and $27 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $12.1 million (43.7% of its assets). By assets it was the 346th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- May 13, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Coastal Banc Sa, Houston, TX
- Total assets
- $27,574,000
- Total deposits
- $26,958,000
- Estimated cost to the FDIC
- $12,054,930 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31737
Other bank failures in Texas, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Peoples State Bank | Dallas | December 14, 1990 | $30.3 million | $30.6 million | $6.3 million | Comerica Bank - Texas |
| The State Bank of Omaha | Omaha | December 14, 1990 | $20.5 million | $20.6 million | $5.3 million | The First National Bank of |
| Washington County State Bank | Brenham | December 13, 1990 | $77.7 million | $77.5 million | $9.4 million | Channelview Bank |
| Andrews Savings & Loan Assoc. | Andrews | December 7, 1990 | $126.1 million | $109.7 million | $11 million | |
| First National Bank of Rowlett | Rowlett | December 7, 1990 | $20.5 million | $21.4 million | $6.5 million | U.S. Trust Company of Texas |
| Heights Bank | Harker Heights | December 7, 1990 | $28.8 million | $27 million | $4.7 million | Heights State Bank |
| First Southwest FS & La | Tyler | November 30, 1990 | $51.2 million | $45.3 million | $4.9 million | Citizens Bank |
| Atascosa Sa | Jourdanton | November 30, 1990 | $34.7 million | $32.9 million | $7.1 million |
Other failed banks Coastal Banc Sa took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Spring Branch S & La | Houston | TX | March 9, 1989 | $99.9 million | $148.1 million | $102.5 million | Coastal Banc Sa |
| Alliance S&LA (houston) (assistance) | Austin | TX | May 13, 1988 | $103.7 million | $127.6 million | $118.1 million | Coastal Banc Sa |
| Security S&LA (assistance) | Dickinson | TX | May 13, 1988 | $105.8 million | $111.7 million | $68.1 million | Coastal Banc Sa |
| Colorado County FS&LA (assistance) | Columbus | TX | May 13, 1988 | $212.9 million | $224.4 million | $95.2 million | Coastal Banc Sa |
All bank failures in 1988 · All bank failures in Texas · Every failed bank Coastal Banc Sa took over · The full failed bank list
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.