Bank failure · TX

State S&la of Lubbock (Lubbock, TX) — failed December 20, 1985

State S&la of Lubbock of Lubbock, Texas was closed on December 20, 1985 and resolved through a a/a. Merabank Texas FSB (TX) took over its insured deposits. At failure it held $841.6M in assets and $815.0M in deposits. The FDIC's estimated loss on the failure is $1.1B (136.4% of assets).