Bank failure · TX
Liberty County Fs & LA (Liberty, TX) — failed March 9, 1989
Liberty County Fs & LA of Liberty, Texas was closed on March 9, 1989 and resolved through a purchase and assumption. Bayshore Nb (TX) took over its insured deposits. At failure it held $43.8M in assets and $45.9M in deposits. The FDIC's estimated loss on the failure is $16.1M (36.8% of assets).
- Closing date
- March 9, 1989
- FDIC certificate #
- 29204
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bayshore Nb
- Insurance fund
- RTC
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