LAGO VISTA NATIONAL BANK Failed 1986

What happened

LAGO VISTA NATIONAL BANK of LAGO VISTA, TX was closed on 1986-12-18. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to GREATER TEXAS BANK LEAND (LEANDER, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1325

FDIC Certificate

24388

FDIC FIN

5781

Bank name

LAGO VISTA NATIONAL BANK

Location

LAGO VISTA, TX

Failure date

1986-12-18

FDIC resolution date

1986-12-18

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$5M

Deposits at failure

$12M

Assets at failure

$12M

Acquiring bank

GREATER TEXAS BANK LEAND (LEANDER, TX)