MERCURY S&LA OF TEXAS Failed 1986
What happened
MERCURY S&LA OF TEXAS of WICHITA FALLS, TX was closed on 1986-03-14. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to AMERICAN FEDERAL FSB (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1158
- FDIC Certificate
- 31186
- FDIC FIN
- 1797
- Bank name
- MERCURY S&LA OF TEXAS
- Location
- WICHITA FALLS, TX
- Failure date
- 1986-03-14
- FDIC resolution date
- 1988-08-18
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $579M
- Deposits at failure
- $602M
- Assets at failure
- $664M
- Acquiring bank
- AMERICAN FEDERAL FSB (DALLAS, TX)
Other banks AMERICAN FEDERAL FSB acquired in FDIC resolutions