# FIRST FINANCIAL A SAVINGS ASSOCIATION OF E

> **Failed bank** · EL PASO, TX · failed 1988-06-22 · SL · FDIC cost $43M

## What happened

FIRST FINANCIAL A SAVINGS ASSOCIATION OF E of EL PASO, TX was closed by state regulators on **1988-06-22**. 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:** 1778
- **FDIC Certificate:** 30983
- **FDIC FIN:** 1796
- **Bank name:** FIRST FINANCIAL A SAVINGS ASSOCIATION OF E
- **Location:** EL PASO, TX
- **Failure date:** 1988-06-22
- **FDIC resolution date:** 1988-06-22
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $43M
- **Deposits at failure:** $248M
- **Assets at failure:** $326M
- **Acquiring bank:** MERABANK TEXAS FSB (EL PASO, TX)

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

- STATE S&LA OF LUBBOCK (LUBBOCK, TX) — failed 1985-12-20 — /failed-bank/1126

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FINANCIAL%20A%20SAVINGS%20ASSOCIATION%20OF%20E

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FINANCIAL A SAVINGS ASSOCIATION OF E (FDIC ID 1778), failed 1988-06-22. Retrieved via AI Analytics 2026-07-13 from https://api.ai-analytics.org/failed-bank/1778.

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