Bank failure · TX

Oak Lawn Bank, N.A. (Dallas, TX) — failed December 1, 1988

Oak Lawn Bank, N.A. of Dallas, Texas was closed on December 1, 1988 and resolved through a purchase and assumption. Cornerstone Bank NA (TX) took over its insured deposits. At failure it held $10.3M in assets and $10.7M in deposits. The FDIC's estimated loss on the failure is $2.8M (27.1% of assets).