PETROPLEX SAVINGS ASSOCIATION Failed 1988
What happened
PETROPLEX SAVINGS ASSOCIATION of MIDLAND, TX was closed on 1988-10-14. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to OLNEY S&LA (OLNEY, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1964
- FDIC Certificate
- 32128
- FDIC FIN
- 1808
- Bank name
- PETROPLEX SAVINGS ASSOCIATION
- Location
- MIDLAND, TX
- Failure date
- 1988-10-14
- FDIC resolution date
- 1988-10-14
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $157M
- Deposits at failure
- $178M
- Assets at failure
- $114M
- Acquiring bank
- OLNEY S&LA (OLNEY, TX)
Other banks OLNEY S&LA acquired in FDIC resolutions
- SHAMROCK FEDERAL SAVINGS BANK (SHAMROCK, TX) — failed 1988-10-14
- HEART O TEXAS SAVINGS ASSOCIATION (MIDLAND, TX) — failed 1988-10-14
- SOUTHERN S&LA (BROWNWOOD, TX) — failed 1988-10-14
- BANC HOME SAVINGS ASSOCIATION (MIDLAND, TX) — failed 1988-10-14
- SOUTHWEST S&LA (ABILENE, TX) — failed 1988-10-14
- ODESSA SAVINGS ASSOCIATION (ODESSA, TX) — failed 1988-10-14
- SAN ANGELO SAVINGS ASSOCIATION (SAN ANGELO, TX) — failed 1988-10-14
- FIRST FS&LA (AMARILLO, TX) — failed 1988-10-14
- SECURITY FS&LA (PAMPA, TX) — failed 1988-10-14
- OLNEY SAVINGS ASSOCIATION (OLNEY, TX) — failed 1988-10-14