# GALENA PARK STATE BANK

> **Failed bank** · GALENA PARK, TX · failed 1988-08-11 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $7M

## What happened

GALENA PARK STATE BANK of GALENA PARK, TX was closed by regulators on **1988-08-11**. The FDIC was named receiver.

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

Deposits were transferred to **LOCKWOOD NB OF HOUSTON** (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1852
- **FDIC Certificate:** 16077
- **FDIC FIN:** 2890
- **Bank name:** GALENA PARK STATE BANK
- **Location:** GALENA PARK, TX
- **Failure date:** 1988-08-11
- **FDIC resolution date:** 1988-08-11
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $29M
- **Assets at failure:** $25M
- **Acquiring bank:** LOCKWOOD NB OF HOUSTON (HOUSTON, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GALENA%20PARK%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GALENA PARK STATE BANK (FDIC ID 1852), failed 1988-08-11. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1852.

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