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Bank failure · TX

Lone Star National Bank (Dallas, TX) — failed November 2, 1990

Lone Star National Bank of Dallas, Texas was closed on November 2, 1990 and resolved through a insured deposit transfer. Comerica Bank - Texas (TX) took over its insured deposits. At failure it held $34.2M in assets and $42.5M in deposits. The FDIC's estimated loss on the failure is $20.6M (60.2% of assets).

Closing date
November 2, 1990
FDIC certificate #
25763
Resolution
Insured deposit transfer (failure)
Acquiring institution
Comerica Bank - Texas
Insurance fund
BIF

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What happens when a bank fails