SILVER SAVINGS ASSOC. Failed 1989
What happened
SILVER SAVINGS ASSOC. of SILVER CITY, NM was closed on 1989-12-21. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST NEW MEXICO BANK (DEMING, NM). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2597
- FDIC Certificate
- 31911
- FDIC FIN
- 7271
- Bank name
- SILVER SAVINGS ASSOC.
- Location
- SILVER CITY, NM
- Failure date
- 1989-12-21
- FDIC resolution date
- 1991-01-18
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $28M
- Assets at failure
- $32M
- Acquiring bank
- FIRST NEW MEXICO BANK (DEMING, NM)