MT. PLEASANT S&LA Failed 1987
What happened
MT. PLEASANT S&LA of MT. PLEASANT, TX was closed on 1987-12-16. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to SULPHUR SPRINGS LN&BLDG ASS (SULPHUR SPRINGS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1580
- FDIC Certificate
- 28160
- FDIC FIN
- 1714
- Bank name
- MT. PLEASANT S&LA
- Location
- MT. PLEASANT, TX
- Failure date
- 1987-12-16
- FDIC resolution date
- 1987-12-16
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $29M
- Assets at failure
- $25M
- Acquiring bank
- SULPHUR SPRINGS LN&BLDG ASS (SULPHUR SPRINGS, TX)