LIBERTY NATIONAL BANK Failed 1991
What happened
LIBERTY NATIONAL BANK of LOVINGTON, NM was closed on 1991-05-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WESTERN COMMERCE BANK (CARLSBAD, NM). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3109
- FDIC Certificate
- 16544
- FDIC FIN
- 4359
- Bank name
- LIBERTY NATIONAL BANK
- Location
- LOVINGTON, NM
- Failure date
- 1991-05-23
- FDIC resolution date
- 1991-05-23
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $52M
- Assets at failure
- $51M
- Acquiring bank
- WESTERN COMMERCE BANK (CARLSBAD, NM)
Other banks WESTERN COMMERCE BANK acquired in FDIC resolutions