# LAKELAND STATE BANK

> **Failed bank** · AUSTIN, TX · failed 1990-06-21 · State commercial bank, Federal Reserve member · FDIC cost $2M

## What happened

LAKELAND STATE BANK of AUSTIN, TX was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $13M
- **Assets at failure:** $13M
- **Acquiring bank:** HILL COUNTRY BANK (LEANDER, TX)

## Other banks HILL COUNTRY BANK has acquired in FDIC resolutions

- GREATER TEXAS BANK LEANDER (LEANDER, TX) — failed 1989-05-04 — /failed-bank/2368

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LAKELAND STATE BANK (FDIC ID 2823), failed 1990-06-21. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2823.

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