Bank failure · TX
Lake Country National Bank (Burnet, TX) — failed June 8, 1989
Lake Country National Bank of Burnet, Texas was closed on June 8, 1989 and resolved through a insured deposit transfer. Lake Buchanan State Bank (TX) took over its insured deposits. At failure it held $7.5M in assets and $8.4M in deposits. The FDIC's estimated loss on the failure is $1.7M (22.0% of assets).
- Closing date
- June 8, 1989
- FDIC certificate #
- 24542
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Lake Buchanan State Bank
- Insurance fund
- FDIC
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