Bank failure · TX
Lexington State Bank (Lexington, TX) — failed May 11, 1989
Lexington State Bank of Lexington, Texas was closed on May 11, 1989 and resolved through a purchase and assumption. Central Bank of Houston (TX) took over its insured deposits. At failure it held $13.8M in assets and $13.9M in deposits. The FDIC's estimated loss on the failure is $3.1M (22.3% of assets).
- Closing date
- May 11, 1989
- FDIC certificate #
- 11918
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Central Bank of Houston
- Insurance fund
- FDIC
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