MODERN S&LA Failed 1982
What happened
MODERN S&LA of PASADENA, TX was closed on 1982-10-22. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to TEXAS WESTERN FS&LA (CORSICANA, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 723
- FDIC Certificate
- 31651
- FDIC FIN
- 0
- Bank name
- MODERN S&LA
- Location
- PASADENA, TX
- Failure date
- 1982-10-22
- FDIC resolution date
- 1982-10-22
- Charter type
- SL
- Resolution type
- A/A
- Deposits at failure
- $18M
- Assets at failure
- $21M
- Acquiring bank
- TEXAS WESTERN FS&LA (CORSICANA, TX)
Other banks TEXAS WESTERN FS&LA acquired in FDIC resolutions