LEXINGTON STATE BANK Failed 1989
What happened
LEXINGTON STATE BANK of LEXINGTON, TX was closed on 1989-05-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTRAL BANK OF HOUSTON (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2369
- FDIC Certificate
- 11918
- FDIC FIN
- 4015
- Bank name
- LEXINGTON STATE BANK
- Location
- LEXINGTON, TX
- Failure date
- 1989-05-11
- FDIC resolution date
- 1989-05-11
- 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
- $14M
- Assets at failure
- $14M
- Acquiring bank
- CENTRAL BANK OF HOUSTON (HOUSTON, TX)
Other banks CENTRAL BANK OF HOUSTON acquired in FDIC resolutions