Bank Failure
Enloe State Bank
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Closed May 31, 2019 · Cooper, TX · FDIC Cert #10716.
- Closing date
- May 31, 2019
- Headquarters
- Cooper, TX
- FDIC Certificate
- 10716
- Total assets at closing
- $36.7M
- Total deposits at closing
- $31.3M
- Estimated loss to the insurance fund
- $18.3M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Legend Bank, N.A.
Context
On May 31, 2019, regulators closed Enloe State Bank, headquartered in Cooper, TX. At closing, the institution held approximately $36.7M in assets and $31.3M in deposits. The FDIC record names Legend Bank, N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $18.3M.
By assets at closing this is the 1874th largest of the 3,526 bank failures in the FDIC record, and the 2nd of 4 in 2019. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Enloe State Bank fail?
Enloe State Bank was closed by regulators on May 31, 2019.
Who acquired Enloe State Bank?
The FDIC record names Legend Bank, N.A. as the acquiring institution in the resolution of Enloe State Bank.
How big was Enloe State Bank when it failed?
Enloe State Bank had approximately $36.7M in total assets and $31.3M in deposits at the time of failure.
Other failures in 2019
| Date | Bank | Assets |
|---|---|---|
| Nov 1, 2019 | City National Bank of New Jersey | $120.6M |
| Oct 25, 2019 | Louisa Community Bank | $28.2M |
| Oct 25, 2019 | Resolute Bank | $23.3M |
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