BROWNFIELD S&LA Failed 1985
What happened
BROWNFIELD S&LA of BROWNFIELD, TX was closed on 1985-12-20. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to MERABANK TEXAS, FSB (EL PASO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1125
- FDIC Certificate
- 30507
- FDIC FIN
- 1796
- Bank name
- BROWNFIELD S&LA
- Location
- BROWNFIELD, TX
- Failure date
- 1985-12-20
- FDIC resolution date
- 1988-06-22
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $11M
- Deposits at failure
- $60M
- Assets at failure
- $65M
- Acquiring bank
- MERABANK TEXAS, FSB (EL PASO, TX)