Data / Bank failures / 1985 / Hi-Plains S&LA
Hi-Plains S&LA, Hereford, TX: received FDIC assistance November 25, 1985
Hi-Plains S&LA in Hereford, Texas, received open bank assistance from the FDIC on November 25, 1985. It held $114.6 million in assets and $100.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $112.6 million (98.3% of its assets). By assets it was the 46th largest of 180 banks closed or assisted in 1985.
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The FDIC's record
- Closed
- November 25, 1985
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Consolidated S&LA, Dallas, TX
- Total assets
- $114,611,000
- Total deposits
- $100,507,000
- Estimated cost to the FDIC
- $112,619,500 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 30952
Other bank failures in Texas, 1983 to 1987
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Usbank | Denton | December 17, 1987 | $86 million | $84.8 million | $19.6 million | United National Bank |
| Bank of Mabank | Mabank | December 17, 1987 | $43.8 million | $44.5 million | $9.7 million | First State Bank |
| MT. Pleasant S&LA (assistance) | MT. Pleasant | December 16, 1987 | $24.9 million | $29.3 million | $7.1 million | Sulphur Springs LN&BLDG Ass |
| Heritage National Bank | Austin | December 10, 1987 | $53.2 million | $51 million | $19.5 million | Community National Bank |
| Bancfirst-Austin, N.A. | Austin | December 10, 1987 | $25.3 million | $28 million | $14.1 million | Texas Capital Bank-Fort |
| The First National Bank in Rhome | Rhome | December 10, 1987 | $9.2 million | $9.3 million | $1.9 million | Continental State Bank |
| Crossroads Bank (assistance) | Victoria | December 3, 1987 | $25.1 million | $25.3 million | $1.3 million | Crossroads Bank |
| West Texas State Bank of Canyon | Canyon | November 13, 1987 | $20.4 million | $20 million | $3.3 million | First NB of Amarillo |
Other failed banks Consolidated S&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Metroplex Federal Savings Association (assistance) | Hurst | TX | December 22, 1988 | $64.8 million | $66.9 million | $43.5 million | Consolidated S&LA |
| Reliance Savings Association (assistance) | Houston | TX | December 22, 1988 | $41.5 million | $55.8 million | $59.9 million | Consolidated S&LA |
| Southern Federal Banc S&LA (assistance) | Lancaster | TX | December 22, 1988 | $91.3 million | $166.1 million | $171.9 million | Consolidated S&LA |
| Interwest Savings Association (assistance) | Fort Worth | TX | December 22, 1988 | $109.4 million | $176.4 million | $168.4 million | Consolidated S&LA |
| Vista Savings Association (assistance) | Odessa | TX | December 22, 1988 | $133.1 million | $148.5 million | $122 million | Consolidated S&LA |
| Sentry Savings Association (assistance) | Slaton | TX | December 22, 1988 | $87 million | $151.5 million | $156 million | Consolidated S&LA |
| First FS&LA (assistance) | Big Spring | TX | December 22, 1988 | $129.3 million | $113.2 million | $73.8 million | Consolidated S&LA |
| Lamesa FS&LA (assistance) | Lamesa | TX | December 22, 1988 | $89.3 million | $80.7 million | $20.7 million | Consolidated S&LA |
All bank failures in 1985 · All bank failures in Texas · Every failed bank Consolidated S&LA took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.