Bank Branches › Closed and merged banks › Colorado › Modern Federal Savings and Loan Association
What happened to Modern Federal Savings and Loan Association?
Modern Federal Savings and Loan Association in Grand Junction, CO (earlier called Modern Savings and Loan Association) was closed in a federal resolution, and its business passed to Centennial Savings Bank, F.S.B. of Farmington, NM on Jan 26, 1990. After 2 more changes of hands, what was Modern Federal Savings and Loan Association is today part of Zions Bancorporation, N.A. (Salt Lake City, UT).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1904Modern Savings and Loan Association opens in Grand Junction, CO
- Nov 30, 1984renamed Modern Federal Savings and Loan Association
- Jan 26, 1990RESOLVEDModern Federal Savings and Loan Association was closed in a federal resolution, and its business passed to Centennial Savings Bank, F.S.B. of Farmington, NM.FDIC certificate 28775 ends; its business continues under certificate 28212. The FDIC's failure list dates the failure Mar 9, 1989.
- Dec 31, 1998MERGEDCentennial Savings Bank, F.S.B. (by then renamed Centennial Bank, National Association) of Farmington, NM merged into Vectra Bank Colorado, National Association of Farmington, NM.FDIC certificate 28212 ends; its business continues under certificate 2993.
- Dec 31, 2015MERGEDVectra Bank Colorado, National Association of Farmington, NM merged into Zions First National Bank of Salt Lake City, UT.FDIC certificate 2993 ends; its business continues under certificate 2270.
- TodayOPEN
Zions Bancorporation, N.A.Main office Salt Lake City, UT · FDIC certificate 2270 · 409 offices in 11 states on June 30, 2026Every Zions Bancorporation, N.A. office → Website on file with the FDIC: www.zionsbancorporation.com
If you still have something from Modern Federal Savings and Loan Association
A lien that was never released
Modern Federal Savings and Loan Association failed on Mar 9, 1989, handled by the Resolution Trust Corporation, the agency that closed failed savings institutions from 1989 to 1995. The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. Ask Zions Bancorporation, N.A. as well: the chain above leads there. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Centennial Savings Bank, F.S.B.). Start with Zions Bancorporation, N.A., and ask them to search under the name Modern Federal Savings and Loan Association.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask Zions Bancorporation, N.A.. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 28775 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.