Bank failure · TX
Federated National Bank (Live Oak, TX) — failed February 12, 1987
Federated National Bank of Live Oak, Texas was closed on February 12, 1987 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $13.6M in assets and $12.4M in deposits. The FDIC's estimated loss on the failure is $4.9M (36.0% of assets).
- Closing date
- February 12, 1987
- FDIC certificate #
- 25193
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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