LONE STAR BANK Failed 1988
What happened
LONE STAR BANK of HARRIS COUNTY (BAYTO, TX was closed on 1988-05-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS B&T CO BAYTOWN (BAYTOWN, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1759
- FDIC Certificate
- 23416
- FDIC FIN
- 2819
- Bank name
- LONE STAR BANK
- Location
- HARRIS COUNTY (BAYTO, TX
- Failure date
- 1988-05-26
- FDIC resolution date
- 1988-05-26
- 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.)
- $3M
- Deposits at failure
- $13M
- Assets at failure
- $13M
- Acquiring bank
- CITIZENS B&T CO BAYTOWN (BAYTOWN, TX)
Other banks CITIZENS B&T CO BAYTOWN acquired in FDIC resolutions