# MODERN S&LA

> **Failed bank** · PASADENA, TX · failed 1982-10-22 · SL

## What happened

MODERN S&LA of PASADENA, TX was closed by state regulators 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 has acquired in FDIC resolutions

- CORSICANA FS&LA (CORSICANA, TX) — failed 1982-10-22 — /failed-bank/722

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MODERN%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MODERN S&LA (FDIC ID 723), failed 1982-10-22. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/723.

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