Data / Bank failures / 1985 / State S&LA of Lubbock
State S&LA of Lubbock, Lubbock, TX: received FDIC assistance December 20, 1985
State S&LA of Lubbock in Lubbock, Texas, received open bank assistance from the FDIC on December 20, 1985. It held $841.6 million in assets and $815 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.15 billion (136.4% of its assets). By assets it was the 8th largest of 180 banks closed or assisted in 1985.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- December 20, 1985
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Merabank Texas FSB, El Paso, TX
- Total assets
- $841,612,000
- Total deposits
- $815,045,000
- Estimated cost to the FDIC
- $1,148,063,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31117
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 Merabank Texas FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Financial A Savings Association of E (assistance) | El Paso | TX | June 22, 1988 | $325.7 million | $248.1 million | $43.1 million | Merabank Texas FSB |
All bank failures in 1985 · All bank failures in Texas · Every failed bank Merabank 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.