LIBERTY NATIONAL BANK Failed 1989

DALLAS, TX · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

LIBERTY NATIONAL BANK of DALLAS, TX was closed on 1989-05-25. The FDIC was named receiver.

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

Deposits were transferred to CORNERSTONE BANK, NATIONAL (DALLAS, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2379
FDIC Certificate
23108
FDIC FIN
4023
Bank name
LIBERTY NATIONAL BANK
Location
DALLAS, TX
Failure date
1989-05-25
FDIC resolution date
1989-05-25
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$23M
Deposits at failure
$68M
Assets at failure
$68M
Acquiring bank
CORNERSTONE BANK, NATIONAL (DALLAS, TX)