# MT. PLEASANT S&LA

> **Failed bank** · MT. PLEASANT, TX · failed 1987-12-16 · SL · FDIC cost $7M

## What happened

MT. PLEASANT S&LA of MT. PLEASANT, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $29M
- **Assets at failure:** $25M
- **Acquiring bank:** SULPHUR SPRINGS LN&BLDG ASS (SULPHUR SPRINGS, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MT. PLEASANT S&LA (FDIC ID 1580), failed 1987-12-16. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/failed-bank/1580.

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