Bank failure · TX

Brownfield S&la (Brownfield, TX) — failed December 20, 1985

Brownfield S&la of Brownfield, Texas was closed on December 20, 1985 and resolved through a a/a. Merabank Texas, FSB (TX) took over its insured deposits. At failure it held $64.7M in assets and $59.9M in deposits. The FDIC's estimated loss on the failure is $11.0M (17.0% of assets).