Bank failure · TX
Mercury S&la of Texas (Wichita Falls, TX) — failed March 14, 1986
Mercury S&la of Texas of Wichita Falls, Texas was closed on March 14, 1986 and resolved through a a/a. American Federal FSB (TX) took over its insured deposits. At failure it held $664.0M in assets and $601.8M in deposits. The FDIC's estimated loss on the failure is $578.8M (87.2% of assets).
- Closing date
- March 14, 1986
- FDIC certificate #
- 31186
- Resolution
- A/A (assistance)
- Acquiring institution
- American Federal FSB
- Insurance fund
- FSLIC
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