Majestic Savings Association

Status:Inactive as of 08/31/1988
 Merger - Assisted
Successor Bank:American Federal Bank FSB
Headquarters:Majestic Savings Association
1902 West Virginia
Mckinney, TX 75069
Established:01/01/1955
FDIC Insurance:07/19/1956
FDIC Cert:#30828
Charter Class:
Total Assets:$283,491,000
Total Deposits:$333,007,000

History

1955-01-01Institution established: Original name:First Savings and Loan Association
1984-09-30Changed name to Majestic Savings Association
1988-08-31Acquired Skyline Savings Association (32124) in DALLAS, TX
1988-08-31Acquired Southland Savings Association (31985) in LONGVIEW, TX
1988-08-31Acquired American Banc Savings Association (31967) in DALLAS, TX
1988-08-31Acquired Ben Milam Savings and Loan Association (31590) in DALLAS, TX
1988-08-31Acquired Paris Savings and Loan Association (31750) in PARIS, TX
1988-08-31Acquired Longview Savings and Loan Association (31580) in LONGVIEW, TX
1988-08-31Acquired Richardson Savings and Loan Association (30978) in DALLAS, TX
1988-08-31Acquired Irving Savings Association (30520) in IRVING, TX
1988-08-31Acquired Mercury Savings Association of Texas (31186) in WICHITA FALLS, TX
1988-08-31Acquired Gladewater Federal Savings and Loan Association (28869) in GLADEWATER, TX
1988-08-31Acquired Commerce Federal Savings and Loan Association (29390) in COMMERCE, TX
1988-08-31Acquired Majestic Savings Association in MCKINNEY, TX
1988-08-31Failed. Acquired with government financial assistance and subsequently operated as part of American Federal Bank FSB (32597)
1988-12-31Changed organization type to STOCK SAVINGS BANK
1989-08-09Moved bank headquarters from MCKINNEY, TX to DALLAS, TX
1992-02-21Acquired Centre Savings Association, F.A. (33485) in ARLINGTON, TX
1992-06-30Acquired Americity Federal Savings Bank (32426) in DALLAS, TX
1993-11-13Merged into and subsequently operated as part of Guaranty Federal Bank, F.S.B. (32618) in DALLAS, TX
1994-06-29Acquired First Federal Savings Bank (33295) in SAN ANTONIO, TX
1997-06-27Acquired Stockton Savings Bank, FSB (28674) in STOCKTON, CA
1999-06-30Acquired Hemet Federal Savings and Loan Association (28795) in HEMET, CA
2000-11-28Changed name to Guaranty Bank (32618)
2004-01-06Moved bank headquarters from DALLAS, TX to AUSTIN, TX
2009-08-21Failed. Acquired with government financial assistance and subsequently operated as part of Compass Bank (19048)
2009-09-11Acquired Central Bank of the South (20024) in ANNISTON, AL
2009-09-11Acquired BBVA Bancomer USA (18255) in DIAMOND BAR, CA
2019-06-10Changed name to BBVA USA (19048)