# MINERAL WELLS S&LA

> **Failed bank** · MINERAL WELLS, TX · failed 1988-12-22 · SL · FDIC cost $11M

## What happened

MINERAL WELLS S&LA of MINERAL WELLS, TX was closed by state regulators on **1988-12-22**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **CONSOLIDATED S&LA** (DALLAS, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2020
- **FDIC Certificate:** 28461
- **FDIC FIN:** 1810
- **Bank name:** MINERAL WELLS S&LA
- **Location:** MINERAL WELLS, TX
- **Failure date:** 1988-12-22
- **FDIC resolution date:** 1988-12-22
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $11M
- **Deposits at failure:** $35M
- **Assets at failure:** $31M
- **Acquiring bank:** CONSOLIDATED S&LA (DALLAS, TX)

## Other banks CONSOLIDATED S&LA has acquired in FDIC resolutions

- METROPLEX FEDERAL SAVINGS ASSOCIATION (HURST, TX) — failed 1988-12-22 — /failed-bank/2033
- RELIANCE SAVINGS ASSOCIATION (HOUSTON, TX) — failed 1988-12-22 — /failed-bank/2032
- SOUTHERN FEDERAL BANC S&LA (LANCASTER, TX) — failed 1988-12-22 — /failed-bank/2031
- INTERWEST SAVINGS ASSOCIATION (FORT WORTH, TX) — failed 1988-12-22 — /failed-bank/2030
- VISTA SAVINGS ASSOCIATION (ODESSA, TX) — failed 1988-12-22 — /failed-bank/2029
- SENTRY SAVINGS ASSOCIATION (SLATON, TX) — failed 1988-12-22 — /failed-bank/2028
- FIRST FS&LA (BIG SPRING, TX) — failed 1988-12-22 — /failed-bank/2026
- LAMESA FS&LA (LAMESA, TX) — failed 1988-12-22 — /failed-bank/2025
- COMMODORE SAVINGS ASSOCIATION (DALLAS, TX) — failed 1988-12-22 — /failed-bank/2024
- FIRST WESTERN S&LA (COLORADO CITY, TX) — failed 1988-12-22 — /failed-bank/2023

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MINERAL WELLS S&LA (FDIC ID 2020), failed 1988-12-22. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2020.

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