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