Bank failure · TX

Bay City Fs&la (Bay City, TX) — failed September 9, 1988

Bay City Fs&la of Bay City, Texas was closed on September 9, 1988 and resolved through a a/a. Heights of Texas FSB (TX) took over its insured deposits. At failure it held $157.9M in assets and $163.0M in deposits. The FDIC's estimated loss on the failure is $255.8M (162.0% of assets).