Bank failure · TX

Enloe State Bank (Cooper, TX) — failed May 31, 2019

Enloe State Bank of Cooper, Texas was closed on May 31, 2019 and resolved through a purchase and assumption (insured deposits). Legend Bank, NA (TX) took over its insured deposits. At failure it held $36.7M in assets and $31.3M in deposits. The FDIC's estimated loss on the failure is $18.3M (49.7% of assets).