Bank failure · TX
Liberty Bank (Houston, TX) — failed March 5, 1987
Liberty Bank of Houston, Texas was closed on March 5, 1987 and resolved through a purchase and assumption. Central Bank of Houston (TX) took over its insured deposits. At failure it held $57.2M in assets and $53.9M in deposits. The FDIC's estimated loss on the failure is $17.5M (30.6% of assets).
- Closing date
- March 5, 1987
- FDIC certificate #
- 18994
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Central Bank of Houston
- Insurance fund
- FDIC
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