Modern Savings and Loan Association

Status:Inactive as of 05/31/1983
 Merger - Assisted
Successor Bank:Texas Western Federal Savings and Loan Association
Headquarters:Modern Savings and Loan Association
3222 Burke Road
Pasadena, TX 77504
Established:01/01/1972
FDIC Insurance:08/29/1973
FDIC Cert:#31651
Charter Class:

History

1972-01-01Institution established: Original name:Modern Savings and Loan Association
1983-05-31Failed. Acquired with government financial assistance and subsequently operated as part of Texas Western Federal Savings and Loan Association (28987)
1984-06-30Moved bank headquarters from PASADENA, TX to HOUSTON, TX
1989-11-16Placed into government conservatorship.
1989-11-16Failed, went into receivership, and then became part of Texas Western Federal Savings Association (32840)
1989-11-16Institution established: Original name:Texas Western Federal Savings Association (32840)
1990-08-17Ceased operations as a result of a government supervised payoff, liquidation, or closing. No active institution received any of its deposits.
1990-08-17Government conservatorship or bridge bank resolved.