Bank failure · TX
Liberty National Bank (Dallas, TX) — failed May 25, 1989
Liberty National Bank of Dallas, Texas was closed on May 25, 1989 and resolved through a purchase and assumption. Cornerstone Bank, National (TX) took over its insured deposits. At failure it held $67.5M in assets and $68.3M in deposits. The FDIC's estimated loss on the failure is $23.3M (34.5% of assets).
- Closing date
- May 25, 1989
- FDIC certificate #
- 23108
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Cornerstone Bank, National
- Insurance fund
- FDIC
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