# MERCURY S&LA OF TEXAS

> **Failed bank** · WICHITA FALLS, TX · failed 1986-03-14 · SL · FDIC cost $579M

## What happened

MERCURY S&LA OF TEXAS of WICHITA FALLS, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $579M
- **Deposits at failure:** $602M
- **Assets at failure:** $664M
- **Acquiring bank:** AMERICAN FEDERAL FSB (DALLAS, TX)

## Other banks AMERICAN FEDERAL FSB has acquired in FDIC resolutions

- BEN MILAM S&LA (CAMERON, TX) — failed 1986-03-14 — /failed-bank/1159

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MERCURY S&LA OF TEXAS (FDIC ID 1158), failed 1986-03-14. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/1158.

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