VERNON S&LA Failed 1987
What happened
VERNON S&LA of VERNON, TX was closed on 1987-03-20. The FDIC was named receiver.
Resolution: ABT
Deposits were transferred to MONTFORT SAVINGS ASSOCIATIO (VERNON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1398
- FDIC Certificate
- 31171
- FDIC FIN
- 7561
- Bank name
- VERNON S&LA
- Location
- VERNON, TX
- Failure date
- 1987-03-20
- FDIC resolution date
- 1987-11-20
- Charter type
- SL
- Resolution type
- ABT
- FDIC DIF cost (est.)
- $1,062M
- Deposits at failure
- $1,583M
- Assets at failure
- $1,347M
- Acquiring bank
- MONTFORT SAVINGS ASSOCIATIO (VERNON, TX)