Data / Bank failures / 1988 / Irving S&LA
Irving S&LA, Irving, TX: received FDIC assistance August 18, 1988
Irving S&LA in Irving, Texas, received open bank assistance from the FDIC on August 18, 1988. It held $53.1 million in assets and $105.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $117 million (220.5% of its assets). By assets it was the 268th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- August 18, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- American Federal Bank FSB, Dallas, TX
- Total assets
- $53,054,000
- Total deposits
- $105,877,000
- Estimated cost to the FDIC
- $116,964,300 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 30520
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 American Federal Bank FSB took over
| 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 |
| Commerce FS&LA (assistance) | Commerce | TX | August 18, 1988 | $29.5 million | $32.7 million | $9.9 million | American Federal Bank FSB |
All bank failures in 1988 · All bank failures in Texas · Every failed bank American Federal Bank FSB 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.