Bank failure · TX

Lockhart State Bank (Lockhart, TX) — failed February 7, 1991

Lockhart State Bank of Lockhart, Texas was closed on February 7, 1991 and resolved through a purchase and assumption. Omnibank, National Associat (TX) took over its insured deposits. At failure it held $24.3M in assets and $24.8M in deposits. The FDIC's estimated loss on the failure is $2.1M (8.5% of assets).