Bank failure · TX
Mt. Pleasant S&la (Mt. Pleasant, TX) — failed December 16, 1987
Mt. Pleasant S&la of Mt. Pleasant, Texas was closed on December 16, 1987 and resolved through a a/a. Sulphur Springs Ln&bldg Ass (TX) took over its insured deposits. At failure it held $24.9M in assets and $29.3M in deposits. The FDIC's estimated loss on the failure is $7.0M (28.3% of assets).
- Closing date
- December 16, 1987
- FDIC certificate #
- 28160
- Resolution
- A/A (assistance)
- Acquiring institution
- Sulphur Springs Ln&bldg Ass
- Insurance fund
- FSLIC
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