LIBERTY BANK Failed 1987
What happened
LIBERTY BANK of HOUSTON, TX was closed on 1987-03-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTRAL BANK OF HOUSTON (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1378
- FDIC Certificate
- 18994
- FDIC FIN
- 2655
- Bank name
- LIBERTY BANK
- Location
- HOUSTON, TX
- Failure date
- 1987-03-05
- FDIC resolution date
- 1987-03-05
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $17M
- Deposits at failure
- $54M
- Assets at failure
- $57M
- Acquiring bank
- CENTRAL BANK OF HOUSTON (HOUSTON, TX)
Other banks CENTRAL BANK OF HOUSTON acquired in FDIC resolutions