Data / Bank failures / 1986 / Western S&LA
Western S&LA, Dallas, TX: failed September 12, 1986
Western S&LA in Dallas, Texas, failed on September 12, 1986. Sunbelt Savings, FSB of Dallas, TX, took over its deposits. It held $1.96 billion in assets and $1.81 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.34 billion (119.2% of its assets). By assets it was the largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- September 12, 1986
- Type
- Failure
- Acquirer
- Sunbelt Savings, FSB, Dallas, TX
- Total assets
- $1,960,164,000
- Total deposits
- $1,806,271,000
- Estimated cost to the FDIC
- $2,336,791,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 30438
Other bank failures in Texas, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| United Savings Association of Texas (assistance) | Houston | December 30, 1988 | $4.64 billion | $3.50 billion | $1.52 billion | United Sa of Texas FSB |
| Bayview Fsa (assistance) | Corpus Christi | December 29, 1988 | $64.6 million | $70.4 million | $48.2 million | Pacific Southwest SB FSB |
| Keystone S&LA (assistance) | Lampasas | December 29, 1988 | $30.7 million | $35.1 million | $23.8 million | Pacific Southwest SB FSB |
| Ranchers Savings Association (assistance) | Johnson City | December 29, 1988 | $56.2 million | $93.3 million | $112.4 million | Texas Trust Savings Bank FS |
| Independence S&LA (assistance) | Gonzales | December 29, 1988 | $59.1 million | $60.6 million | $53.2 million | Pacific Southwest Bank FSB |
| Lee Savings Association (assistance) | Giddings | December 29, 1988 | $73.9 million | $87.5 million | $62.7 million | Texas Trust Savings Bank FS |
| Union Sa (assistance) | San Antonio | December 29, 1988 | $72.1 million | $73.8 million | $42.7 million | Pacific Southwest SB FSB |
| Burnet S&LA (assistance) | Burnet | December 29, 1988 | $28.1 million | $27.4 million | $11.5 million | Texas Trust Savings Bank FS |
Other failed banks Sunbelt Savings, FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Independent American Sa | Irving | TX | May 20, 1987 | $1.01 billion | $1.39 billion | $1.58 billion | Sunbelt Savings, FSB |
All bank failures in 1986 · All bank failures in Texas · Every failed bank Sunbelt Savings, 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.