Bank failure · TX

Lone Star Bank (Harris County (Bayto, TX) — failed May 26, 1988

Lone Star Bank of Harris County (Bayto, Texas was closed on May 26, 1988 and resolved through a purchase and assumption. Citizens B&t Co Baytown (TX) took over its insured deposits. At failure it held $13.0M in assets and $13.0M in deposits. The FDIC's estimated loss on the failure is $3.0M (23.0% of assets).