MONTFORT SAVINGS ASSOCIATION Failed 1988
What happened
MONTFORT SAVINGS ASSOCIATION of DALLAS, TX was closed on 1988-12-27. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to FIRST GIBRALTER BANK FSB (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2038
- FDIC Certificate
- 32564
- FDIC FIN
- 1811
- Bank name
- MONTFORT SAVINGS ASSOCIATION
- Location
- DALLAS, TX
- Failure date
- 1988-12-27
- FDIC resolution date
- 1988-12-27
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $658M
- Deposits at failure
- $671M
- Assets at failure
- $1,816M
- Acquiring bank
- FIRST GIBRALTER BANK FSB (HOUSTON, TX)