Bank failure · TX
Meridian Saving Association (Arlington, TX) — failed April 6, 1989
Meridian Saving Association of Arlington, Texas was closed on April 6, 1989 and resolved through a insured deposit transfer. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $48.9M in assets and $434.9M in deposits. The FDIC's estimated loss on the failure is $531.3M (1087.1% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 32048
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Ncnb Texas National Bank
- Insurance fund
- RTC
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