LOCKHART STATE BANK Failed 1991

LOCKHART, TX · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

LOCKHART STATE BANK of LOCKHART, TX was closed on 1991-02-07. The FDIC was named receiver.

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

Deposits were transferred to OMNIBANK, NATIONAL ASSOCIAT (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3010
FDIC Certificate
17850
FDIC FIN
4321
Bank name
LOCKHART STATE BANK
Location
LOCKHART, TX
Failure date
1991-02-07
FDIC resolution date
1991-02-07
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$2M
Deposits at failure
$25M
Assets at failure
$24M
Acquiring bank
OMNIBANK, NATIONAL ASSOCIAT (HOUSTON, TX)