And brokers may have helped loot a Texas savings and loan.
In taking its action today, the bank board is seeking to deal with the most insolvent Texas savings institutions.
The slow pace of the rescue plan for Texas savings and loans could hurt healthy institutions, some experts fear.
Texas savings and loans begin to offer high interest rates through money brokers to attract out-of-state deposits.
Examiners have said that the rescue of his failed Texas savings institution will probably cost taxpayers $1.3 billion.
But Century's other investments included a Texas savings and loan that went into receivership.
A few Texas savings and loans reported a flurry of withdrawals, but the situation calmed quickly.
You say your money is in a Texas savings and loan?
The indictment charges that in the mid-1980's Corridor borrowed $21 million from a Texas savings and loan association.
Twenty Texas savings and loans lost more than $4 billion last year.