Bank failure · TX

First City Savings Association (Irving, TX) — failed August 19, 1988

First City Savings Association of Irving, Texas was closed on August 19, 1988 and resolved through a assisted merger. Sunbelt Savings FSB (TX) took over its insured deposits. At failure it held $227.0M in assets and $258.5M in deposits. The FDIC's estimated loss on the failure is $200.0M (88.1% of assets).