Fortune Financial, A SL Institution

Status:Inactive as of 11/30/1989
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Fortune Financial Federal Savings and Loan Association
Headquarters:Fortune Financial, A SL Institution
809 South Main Street
Copperas Cove, TX 76522
Established:01/01/1977
FDIC Insurance:08/09/1989
FDIC Cert:#31974
Charter Class:
Total Assets:$84,198,000
Total Deposits:$74,543,000

History

1977-01-01Institution established: Original name:Aztec Savings and Loan Association
1987-10-31Changed name to Fortune Financial, A Savings and Loan Institution
1989-11-30Institution established: Original name:Fortune Financial Federal Savings and Loan Association (32846)
1989-11-30Failed, went into receivership, and then became part of Fortune Financial Federal Savings and Loan Association (32846)
1989-11-30Placed into government conservatorship.
1990-10-19Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1990-10-19Government conservatorship or bridge bank resolved.