Bank failure · TX
Love Field National Bank (Dallas, TX) — failed November 16, 1989
Love Field National Bank of Dallas, Texas was closed on November 16, 1989 and resolved through a purchase and assumption. Hibernia National Bank in T (TX) took over its insured deposits. At failure it held $28.3M in assets and $29.0M in deposits. The FDIC's estimated loss on the failure is $5.9M (20.8% of assets).
- Closing date
- November 16, 1989
- FDIC certificate #
- 21026
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hibernia National Bank in T
- Insurance fund
- BIF
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