# STATE S&LA OF LUBBOCK

> **Failed bank** · LUBBOCK, TX · failed 1985-12-20 · SL · FDIC cost $1,148M

## What happened

STATE S&LA OF LUBBOCK of LUBBOCK, TX was closed by state regulators 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:** 1126
- **FDIC Certificate:** 31117
- **FDIC FIN:** 1799
- **Bank name:** STATE S&LA OF LUBBOCK
- **Location:** LUBBOCK, TX
- **Failure date:** 1985-12-20
- **FDIC resolution date:** 1988-08-26
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $1,148M
- **Deposits at failure:** $815M
- **Assets at failure:** $842M
- **Acquiring bank:** MERABANK TEXAS FSB (EL PASO, TX)

## Other banks MERABANK TEXAS FSB has acquired in FDIC resolutions

- FIRST FINANCIAL A SAVINGS ASSOCIATION OF E (EL PASO, TX) — failed 1988-06-22 — /failed-bank/1778

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=STATE%20S%26LA%20OF%20LUBBOCK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, STATE S&LA OF LUBBOCK (FDIC ID 1126), failed 1985-12-20. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1126.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*