# MONTFORT SAVINGS ASSOCIATION

> **Failed bank** · DALLAS, TX · failed 1988-12-27 · SL · FDIC cost $658M

## What happened

MONTFORT SAVINGS ASSOCIATION of DALLAS, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $658M
- **Deposits at failure:** $671M
- **Assets at failure:** $1,816M
- **Acquiring bank:** FIRST GIBRALTER BANK FSB (HOUSTON, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MONTFORT%20SAVINGS%20ASSOCIATION

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MONTFORT SAVINGS ASSOCIATION (FDIC ID 2038), failed 1988-12-27. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/2038.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*