Bank failure · TX

First Capitol Bank (West Columbia, TX) — failed July 28, 1988

First Capitol Bank of West Columbia, Texas was closed on July 28, 1988 and resolved through a insured deposit transfer. First Bank (TX) took over its insured deposits. At failure it held $50.0M in assets and $46.3M in deposits. The FDIC's estimated loss on the failure is $23.3M (46.6% of assets).