State Savings and Loan Association

Status:Inactive as of 01/01/1986
 Pass Through Receivership Merger
Successor Bank:State Federal Savings and Loan Association of Lubbock, A Federal Savings
Headquarters:State Savings and Loan Association
1617 Broadway
Lubbock, TX 79401
Established:12/03/1959
FDIC Insurance:12/03/1959
FDIC Cert:#31117
Charter Class:
Total Assets:$841,612,000
Total Deposits:$815,045,000

History

1959-12-03Institution established: Original name:State Savings and Loan Association
1985-12-20Maintained operations with government open bank assistance.
1986-01-01Acquired after government financial assistance and subsequently operated as part of State Federal Savings and Loan Association of Lubbock, A Federal Savings (32449)
1988-08-26Acquired after government financial assistance and subsequently operated as part of Merabank Texas, FSB (32592)
1988-10-31Moved bank headquarters from LUBBOCK, TX to EL PASO, TX
1989-03-31Changed organization type to STOCK SAVINGS BANK
1991-05-31Institution established: Original name:New MeraBank Texas, FSB (33425)
1991-05-31Failed, went into receivership, and then became part of New MeraBank Texas, FSB (33425)
1991-05-31Placed into government conservatorship.
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.