Bank failure · TX

First Financial a Savings Association of E (El Paso, TX) — failed June 22, 1988

First Financial a Savings Association of E of El Paso, Texas was closed on June 22, 1988 and resolved through a a/a. Merabank Texas FSB (TX) took over its insured deposits. At failure it held $325.7M in assets and $248.1M in deposits. The FDIC's estimated loss on the failure is $43.1M (13.2% of assets).