A third fire in 1930 destroyed the business district, and the impact of the Great Depression contributed to Lakeview's decline. A short-lived boom in the late 1940s occurred, but it wasn't enough to revive the town. The First State Bank of Lakeview, in operation since 1908, merged with the First National Bank of Memphis in 1953. By 1980, the population had fallen to 244. That figure declined to 202 in 1990 and 152 in 2000.
a third fire in 1930 destroyed the business district and the impact of the great depression contributed to lakeview's decline a short-lived boom in the late 1940s occurred but it wasn't enough to revive the town the first state bank of lakeview in operation since 1908 merged with the first national bank of memphis in 1953 by 1980 the population had fallen to 244 that figure declined to 202 in 1990 and 152 in 2000