Bank failure · TX
Mainland S&la (Houston, TX) — failed April 4, 1986
Mainland S&la of Houston, Texas was closed on April 4, 1986 and resolved through a abt. Heights of Texas FSB (TX) took over its insured deposits. At failure it held $1.0B in assets and $873.6M in deposits. The FDIC's estimated loss on the failure is $1.1B (112.1% of assets).
- Closing date
- April 4, 1986
- FDIC certificate #
- 30342
- Resolution
- ABT (failure)
- Acquiring institution
- Heights of Texas FSB
- Insurance fund
- FSLIC
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