Data / Bank failures / 1986 / Mainland S&LA
Mainland S&LA, Houston, TX: failed April 4, 1986
Mainland S&LA in Houston, Texas, failed on April 4, 1986. Heights of Texas FSB of Houston, TX, took over its deposits. It held $1.00 billion in assets and $873.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.12 billion (112.1% of its assets). By assets it was the 5th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- April 4, 1986
- Type
- Failure
- Acquirer
- Heights of Texas FSB, Houston, TX
- Total assets
- $1,003,281,000
- Total deposits
- $873,609,000
- Estimated cost to the FDIC
- $1,124,399,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 30342
Other bank failures in Texas, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| United Savings Association of Texas (assistance) | Houston | December 30, 1988 | $4.64 billion | $3.50 billion | $1.52 billion | United Sa of Texas FSB |
| Bayview Fsa (assistance) | Corpus Christi | December 29, 1988 | $64.6 million | $70.4 million | $48.2 million | Pacific Southwest SB FSB |
| Keystone S&LA (assistance) | Lampasas | December 29, 1988 | $30.7 million | $35.1 million | $23.8 million | Pacific Southwest SB FSB |
| Ranchers Savings Association (assistance) | Johnson City | December 29, 1988 | $56.2 million | $93.3 million | $112.4 million | Texas Trust Savings Bank FS |
| Independence S&LA (assistance) | Gonzales | December 29, 1988 | $59.1 million | $60.6 million | $53.2 million | Pacific Southwest Bank FSB |
| Lee Savings Association (assistance) | Giddings | December 29, 1988 | $73.9 million | $87.5 million | $62.7 million | Texas Trust Savings Bank FS |
| Union Sa (assistance) | San Antonio | December 29, 1988 | $72.1 million | $73.8 million | $42.7 million | Pacific Southwest SB FSB |
| Burnet S&LA (assistance) | Burnet | December 29, 1988 | $28.1 million | $27.4 million | $11.5 million | Texas Trust Savings Bank FS |
Other failed banks Heights of Texas FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Champion Savings Association (assistance) | Houston | TX | September 23, 1988 | $656.7 million | $804.1 million | $427.6 million | Heights of Texas FSB |
| Gulf Coast Savings Association (assistance) | Richmond | TX | September 9, 1988 | $59.9 million | $72.3 million | $86.6 million | Heights of Texas FSB |
| Bay City FS&LA (assistance) | Bay City | TX | September 9, 1988 | $157.9 million | $163 million | $255.8 million | Heights of Texas FSB |
All bank failures in 1986 · All bank failures in Texas · Every failed bank Heights of Texas FSB took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.