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Failed Bank Information for The Enloe State Bank, Cooper, TX

On Friday, May 31, 2019, The Enloe State Bank was closed by the Texas Department of Banking. The FDIC was named Receiver. No advance notice is given to the public when a financial institution is closed. All insured deposits have been transferred to Legend Bank, N.A., Bowie, TX.

At a Glance


Responses to common questions

Press Release

Official press release

Balance Sheet

Report on assets and liabilities

Dividend Information

Report on dividends paid

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

If you had a deposit account:

The full balance of all insured deposit accounts has been transferred to Legend Bank, N.A.

For accounts exceeding $250,000, you should call 1-888-206-4662 to schedule an appointment with an FDIC Claims Agent.

You may continue to use your checks and ATM/Debit card. Direct deposits like paychecks and social security benefits will continue as usual. Please refer to the Banking Services section below for more details.

If you had a loan:

You should continue to make payments, including escrow payments, as usual; the terms of your loan will not change.

If you are making escrow payments and receive notification that any portion of your taxes or insurance was not paid, contact your loan officer.

If your loan is currently in process or you had a line of credit, contact your loan officer.

If you are owed money for a service or product provided:

You may be eligible to file a claim against The Enloe State Bank.

If you have not been paid for services rendered prior to May 31, 2019, please refer to the Filing Claims section below.


Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.


About Legend Bank, N.A.

The insured balance of all deposit accounts have been transferred to Legend Bank, N.A., Bowie, TX ("assuming institution") and will be available immediately. The former The Enloe State Bank location will reopen as a branch of Legend Bank, N.A. during regular business hours.

Your transferred deposits will be separately insured from any accounts you may already have at Legend Bank, N.A. for at least six months after the failure of The Enloe State Bank. Checks that were drawn on The Enloe State Bank that did not clear before the institution closed will be honored as long as there are sufficient funds in the account.

Principal and interest on insured accounts, through Friday, May 31, 2019, are fully insured by the FDIC, up to the insurance limit of $250,000. Legend Bank, N.A. will be reviewing rates. You will be notified of any changes. You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Legend Bank, N.A. as long as the deposits are not pledged as collateral for loans. Certain entitlements and different types of accounts can be insured for more than the $250,000 limit. IRA funds are insured separately from other types of accounts, up to a $250,000 limit.

Contacting Legend Bank, N.A.

You can contact Legend Bank, N.A.:

Legend Bank, N.A.
101 West Tarrant
Bowie, TX 76230

Legend Bank, N.A. (

Transaction Documentation

Purchase & Assumption Agreement - PDF
Agreement between FDIC and the acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Brokered Accounts

As an All Insured Deposits transaction, the total of all insured brokered deposit accounts, has been assumed by Legend Bank, N.A.

Deposit Broker's Processing Guide


Automatic Payments/Bill Pay/Online Banking

These services will continue as usual. Your routing number and account number will remain the same until you are notified in writing by Legend Bank, N.A.

ATM and Debit Cards

Your ATM/Debit card will continue to work as usual.


Your checks will be processed as usual. All outstanding checks will be paid against your available insured balance(s). Legend Bank, N.A. will contact you soon regarding any changes in the terms of your account. If you have a problem with a merchant refusing to accept your check, please contact your branch office.

Direct Deposit

All direct deposits, for example, social security checks, payroll, veterans' benefits, disability, unemployment or any payment you receive electronically will continue as usual.

Overdraft Lines of Credit

These lines have been transferred to Legend Bank, N.A. Please contact Legend Bank, N.A. if you have additional questions regarding your accounts.

Safe Deposit Boxes

You may continue to access your safe deposit box during normal business hours. Any changes will be communicated by Legend Bank, N.A.

Tax Reporting - 1098 and/or 1099

Legend Bank, N.A. will be responsible for mailing your 1099 tax information. Your 1098 reporting will be done by the FDIC or the servicer of your loan. You will be notified of any changes in ownership or servicing of your loan.


Uninsured Depositors

Accounts exceeding $250,000 and/or all interest bearing accounts that appear to be related and exceed this limit are reviewed by the FDIC to determine their ownership and insurance coverage. If you think you might have uninsured deposits, you should call the FDIC Call Center to arrange for a telephone interview with a Claims Agent at 1-888-206-4662. The Claims Agent may direct you to download and submit a particular form that will assist in expediting the processing of your claim.


If you or your company provided a service or product, leased space, furniture, or equipment to The Enloe State Bank prior to May 31, 2019 and have not been paid, you may have a claim against The Enloe State Bank.

All creditors having claims against The Enloe State Bank must submit their claims to the Receiver online or by mail:



FDIC as Receiver for The Enloe State Bank
Attention: Claims Agent
1601 Bryan Street
Dallas, TX 75201

Please note: There are time limits for filing a claim. Your claim must be filed on or before (the "Claims Bar Date").

Under federal law, failure to file a claim on or before the Claims Bar Date will result in disallowance of the claim by the Receiver. The disallowance will be final. 12 U.S.C. Section 1821(d)(5)(C).

NOTE TO CLASS CLAIMANTS: By law, the Receiver will not accept a claim filed on behalf of a proposed class of individuals or entities or a class of individuals or entities certified by a court. EACH individual or entity must file a separate claim with the Receiver.

Priority of Claims

In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:

  1. Depositors
  2. General Unsecured Creditors
  3. Subordinated Debt
  4. Stockholders



All shares of The Enloe State Bank are owned by its holding company, Entex Bancshares, Inc., Cooper, TX. The holding company was not included in the closing of the bank or resulting receivership.

Contacting the Holding Company

If you are a stockholder, please do not contact or file a claim with the Receiver. You must contact the holding company directly:

Entex Bancshares, Inc.
45 Texas Highway 24
Cooper, TX 75432


Questions About This Closing

Contact the FDIC Customer Service Department at (888) 206-4662.

Hours of Operation - Central Time
Monday - Friday (excluding federal holidays): 8:00 AM - 4:00 PM