LAKELAND STATE BANK Failed 1990
What happened
LAKELAND STATE BANK of AUSTIN, TX was closed on 1990-06-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HILL COUNTRY BANK (LEANDER, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2823
- FDIC Certificate
- 26711
- FDIC FIN
- 4235
- Bank name
- LAKELAND STATE BANK
- Location
- AUSTIN, TX
- Failure date
- 1990-06-21
- FDIC resolution date
- 1990-06-21
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $13M
- Assets at failure
- $13M
- Acquiring bank
- HILL COUNTRY BANK (LEANDER, TX)
Other banks HILL COUNTRY BANK acquired in FDIC resolutions