Bank failure · TX
Meritbanc Savings Association (Houston, TX) — failed March 16, 1989
Meritbanc Savings Association of Houston, Texas was closed on March 16, 1989 and resolved through a purchase and assumption. Kilgore Fs&la (TX) took over its insured deposits. At failure it held $272.1M in assets and $322.3M in deposits. The FDIC's estimated loss on the failure is $226.0M (83.1% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 30780
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Kilgore Fs&la
- Insurance fund
- RTC
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