# LAKE COUNTRY NATIONAL BANK

> **Failed bank** · BURNET, TX · failed 1989-06-08 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

LAKE COUNTRY NATIONAL BANK of BURNET, TX was closed by the OCC on **1989-06-08**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **LAKE BUCHANAN STATE BANK** (BUCHANAN DAM, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2382
- **FDIC Certificate:** 24542
- **FDIC FIN:** 5970
- **Bank name:** LAKE COUNTRY NATIONAL BANK
- **Location:** BURNET, TX
- **Failure date:** 1989-06-08
- **FDIC resolution date:** 1989-06-08
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $8M
- **Assets at failure:** $8M
- **Acquiring bank:** LAKE BUCHANAN STATE BANK (BUCHANAN DAM, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LAKE COUNTRY NATIONAL BANK (FDIC ID 2382), failed 1989-06-08. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2382.

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