LIBERTY COUNTY FS & LA Failed 1989
What happened
LIBERTY COUNTY FS & LA of LIBERTY, TX was closed on 1989-03-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BAYSHORE NB (LA PORTE, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2185
- FDIC Certificate
- 29204
- FDIC FIN
- 7354
- Bank name
- LIBERTY COUNTY FS & LA
- Location
- LIBERTY, TX
- Failure date
- 1989-03-09
- FDIC resolution date
- 1991-07-19
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $46M
- Assets at failure
- $44M
- Acquiring bank
- BAYSHORE NB (LA PORTE, TX)