Bank failure · TX
The LA Coste National Bank (LA Coste, TX) — failed February 19, 2010
The LA Coste National Bank of LA Coste, Texas was closed on February 19, 2010 and resolved through a purchase and assumption. Community National Bank (TX) took over its insured deposits. At failure it held $53.9M in assets and $49.3M in deposits. The FDIC's estimated loss on the failure is $5.7M (10.6% of assets).
- Closing date
- February 19, 2010
- FDIC certificate #
- 3287
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Community National Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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