Silver Savings and Loan Association, A Federal Association

Status:Inactive as of 12/21/1989
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Silver Savings Association, FA
Headquarters:Silver Savings and Loan Association, A Federal Association
607-611 North Hudson Street
Silver City, NM 88061
Established:01/01/1975
FDIC Insurance:08/09/1989
FDIC Cert:#31911
Charter Class:
Total Assets:$32,209,000
Total Deposits:$27,723,000

History

1975-01-01Institution established: Original name:Silver Savings and Loan Association, A Federal Association
1989-12-21Institution established: Original name:Silver Savings Association, FA (32854)
1989-12-21Failed, went into receivership, and then became part of Silver Savings Association, FA (32854)
1989-12-21Placed into government conservatorship.
1991-01-18Acquired after government financial assistance and subsequently operated as part of First New Mexico Bank (18514)
1991-01-18Government conservatorship or bridge bank resolved.