# LIBERTY NATIONAL BANK

> **Failed bank** · DALLAS, TX · failed 1989-05-25 · National commercial bank (OCC-chartered) · FDIC cost $23M

## What happened

LIBERTY NATIONAL BANK of DALLAS, TX was closed by the OCC 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
- **Estimated FDIC DIF cost:** $23M
- **Deposits at failure:** $68M
- **Assets at failure:** $68M
- **Acquiring bank:** CORNERSTONE BANK, NATIONAL (DALLAS, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LIBERTY NATIONAL BANK (FDIC ID 2379), failed 1989-05-25. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2379.

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