Merabank Texas, FSB

Status:Inactive as of 05/31/1991
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:New MeraBank Texas, FSB
Headquarters:Merabank Texas, FSB
500 N Mesa St
El Paso, TX 79945
Established:06/22/1988
FDIC Insurance:08/09/1989
FDIC Cert:#32592
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$1,157,911,000
Total Deposits:$744,873,000

History

1988-06-22Institution established: Original name:Merabank Texas, FSB
1988-06-22Acquired Brownfield Federal Savings and Loan Association, A Federal Savings and L (32448) in BROWNFIELD, TX as part of a government assisted transaction.
1988-06-30Acquired First Financial A Savings Association of El Paso, Texas (30983) in EL PASO, TX
1988-08-26Acquired State Federal Savings and Loan Association of Lubbock, A Federal Savings (32449) in LUBBOCK, TX as part of a government assisted transaction.
1989-03-31Changed organization type to STOCK SAVINGS BANK
1991-05-31Institution established: Original name:New MeraBank Texas, FSB (33425)
1991-05-31Placed into government conservatorship.
1991-05-31Failed, went into receivership, and then became part of New MeraBank Texas, FSB (33425)
1992-04-03Government conservatorship or bridge bank resolved.
1992-04-03Acquired after government financial assistance and subsequently operated as part of Bluebonnet Savings Bank FSB (32648)
1993-06-23Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
1996-08-12Moved bank headquarters from EL PASO, TX to DALLAS, TX
2003-10-31Closed voluntarily and liquidated its assets.