Bank failure · TX
Liberty City State Bank (Liberty City, TX) — failed March 15, 1990
Liberty City State Bank of Liberty City, Texas was closed on March 15, 1990 and resolved through a purchase and assumption. The First National Bank of (TX) took over its insured deposits. At failure it held $15.2M in assets and $15.0M in deposits. The FDIC's estimated loss on the failure is $1.5M (10.1% of assets).
- Closing date
- March 15, 1990
- FDIC certificate #
- 23065
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First National Bank of
- Insurance fund
- BIF
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