LINCOLN NATIONAL BANK Failed 1988
What happened
LINCOLN NATIONAL BANK of ARLINGTON, TX was closed on 1988-05-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TARRANT BANK (FORT WORTH, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1741
- FDIC Certificate
- 24999
- FDIC FIN
- 2812
- Bank name
- LINCOLN NATIONAL BANK
- Location
- ARLINGTON, TX
- Failure date
- 1988-05-05
- FDIC resolution date
- 1988-05-05
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $12M
- Assets at failure
- $13M
- Acquiring bank
- TARRANT BANK (FORT WORTH, TX)
Other banks TARRANT BANK acquired in FDIC resolutions