Bank failure · TX

First City, Texas - Almeda Genoa (Houston, TX) — failed April 20, 1988

First City, Texas - Almeda Genoa of Houston, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Almeda (TX) took over its insured deposits. At failure it held $77.9M in assets and $71.5M in deposits. The FDIC's estimated loss on the failure is $201K (0.3% of assets).