Bank failure · TX

First Citizens Bank (Dallas, TX) — failed August 7, 1986

First Citizens Bank of Dallas, Texas was closed on August 7, 1986 and resolved through a purchase and assumption. Grand Bank Northeast (TX) took over its insured deposits. At failure it held $112.7M in assets and $105.4M in deposits. The FDIC's estimated loss on the failure is $16.1M (14.3% of assets).