# LAKE AUSTIN NATIONAL BANK

> **Failed bank** · AUSTIN, TX · failed 1987-05-21 · National commercial bank (OCC-chartered) · FDIC cost $14M

## What happened

LAKE AUSTIN NATIONAL BANK of AUSTIN, TX was closed by the OCC on **1987-05-21**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **GREATER TX BANK SOUTHWES** (TRAVIS COUNTY, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1441
- **FDIC Certificate:** 24487
- **FDIC FIN:** 2691
- **Bank name:** LAKE AUSTIN NATIONAL BANK
- **Location:** AUSTIN, TX
- **Failure date:** 1987-05-21
- **FDIC resolution date:** 1987-05-21
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $14M
- **Deposits at failure:** $43M
- **Assets at failure:** $44M
- **Acquiring bank:** GREATER TX BANK SOUTHWES (TRAVIS COUNTY, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=LAKE%20AUSTIN%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LAKE AUSTIN NATIONAL BANK (FDIC ID 1441), failed 1987-05-21. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1441.

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