# LEE SAVINGS ASSOCIATION

> **Failed bank** · GIDDINGS, TX · failed 1988-12-29 · SL · FDIC cost $63M

## What happened

LEE SAVINGS ASSOCIATION of GIDDINGS, TX was closed by state regulators on **1988-12-29**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **TEXAS TRUST SAVINGS BANK FS** (LLANO, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2048
- **FDIC Certificate:** 31979
- **FDIC FIN:** 1813
- **Bank name:** LEE SAVINGS ASSOCIATION
- **Location:** GIDDINGS, TX
- **Failure date:** 1988-12-29
- **FDIC resolution date:** 1988-12-29
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $63M
- **Deposits at failure:** $88M
- **Assets at failure:** $74M
- **Acquiring bank:** TEXAS TRUST SAVINGS BANK FS (LLANO, TX)

## Other banks TEXAS TRUST SAVINGS BANK FS has acquired in FDIC resolutions

- RANCHERS SAVINGS ASSOCIATION (JOHNSON CITY, TX) — failed 1988-12-29 — /failed-bank/2050
- BURNET S&LA (BURNET, TX) — failed 1988-12-29 — /failed-bank/2046
- PEOPLES S&LA (LLANO, TX) — failed 1988-12-29 — /failed-bank/2045

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=LEE%20SAVINGS%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LEE SAVINGS ASSOCIATION (FDIC ID 2048), failed 1988-12-29. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2048.

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