Bank failure · TX
Lago Vista National Bank (Lago Vista, TX) — failed December 18, 1986
Lago Vista National Bank of Lago Vista, Texas was closed on December 18, 1986 and resolved through a insured deposit transfer. Greater Texas Bank Leand (TX) took over its insured deposits. At failure it held $11.9M in assets and $12.4M in deposits. The FDIC's estimated loss on the failure is $5.3M (44.8% of assets).
- Closing date
- December 18, 1986
- FDIC certificate #
- 24388
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Greater Texas Bank Leand
- Insurance fund
- FDIC
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