THE LA COSTE NATIONAL BANK Failed 2010
What happened
THE LA COSTE NATIONAL BANK of LA COSTE, TX was closed on 2010-02-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMUNITY NATIONAL BANK (HONDO, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3750
- FDIC Certificate
- 3287
- FDIC FIN
- 10186
- Bank name
- THE LA COSTE NATIONAL BANK
- Location
- LA COSTE, TX
- Failure date
- 2010-02-19
- FDIC resolution date
- 2010-02-19
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $49M
- Assets at failure
- $54M
- Acquiring bank
- COMMUNITY NATIONAL BANK (HONDO, TX)
Other banks COMMUNITY NATIONAL BANK acquired in FDIC resolutions