# LAKEWAY NATIONAL BANK

> **Failed bank** · AUSTIN, TX · failed 1989-03-09 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

LAKEWAY NATIONAL BANK of AUSTIN, TX was closed by the OCC on **1989-03-09**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST COMMERCIAL BANK, N.A.** (SEQUIN, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2173
- **FDIC Certificate:** 23590
- **FDIC FIN:** 2971
- **Bank name:** LAKEWAY NATIONAL BANK
- **Location:** AUSTIN, TX
- **Failure date:** 1989-03-09
- **FDIC resolution date:** 1989-03-09
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $17M
- **Assets at failure:** $17M
- **Acquiring bank:** FIRST COMMERCIAL BANK, N.A. (SEQUIN, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LAKEWAY NATIONAL BANK (FDIC ID 2173), failed 1989-03-09. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2173.

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