Bank failure · TX
Lakeway National Bank (Austin, TX) — failed March 9, 1989
Lakeway National Bank of Austin, Texas was closed on March 9, 1989 and resolved through a purchase and assumption. First Commercial Bank, N.A. (TX) took over its insured deposits. At failure it held $16.7M in assets and $16.8M in deposits. The FDIC's estimated loss on the failure is $2.3M (14.0% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 23590
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Commercial Bank, N.A.
- Insurance fund
- FDIC
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