Bank failure · TX

Lincoln National Bank (Arlington, TX) — failed May 5, 1988

Lincoln National Bank of Arlington, Texas was closed on May 5, 1988 and resolved through a purchase and assumption. Tarrant Bank (TX) took over its insured deposits. At failure it held $13.0M in assets and $12.1M in deposits. The FDIC's estimated loss on the failure is $4.2M (32.7% of assets).