Magic Valley Savings and Loan Association

Status:Inactive as of 01/31/1987
 Merger - Assisted
Successor Bank:River Valley Bank, FSB
Headquarters:Magic Valley Savings and Loan Association
606 South Texas Ave
Weslaco, TX 78596
Established:01/01/1969
FDIC Insurance:01/10/1972
FDIC Cert:#31598
Charter Class:
Total Assets:$103,392,000
Total Deposits:$116,546,000

History

1969-01-01Institution established: Original name:Magic Valley Savings and Loan Association
1987-01-31Failed. Acquired with government financial assistance and subsequently operated as part of San Antonio Federal Savings Bank (32516)
1993-02-28Changed name to River Valley Bank, FSB (32516)
1996-06-27Closed voluntarily and liquidated its assets.