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Bank failure · TX

Mutual S&la of El Paso (El Paso, TX) — failed August 2, 1982

Mutual S&la of El Paso of El Paso, Texas was closed on August 2, 1982 and resolved through a a/a. First Fs&la of Arizona (AZ) took over its insured deposits. At failure it held $174.7M in assets and $151.7M in deposits.

Closing date
August 2, 1982
FDIC certificate #
28099
Resolution
A/A (assistance)
Acquiring institution
First Fs&la of Arizona
Insurance fund
FSLIC

Other failures in 1982

What happens when a bank fails