Bank failure · TX

First City, Texas - Aransas Pass (Aransas Pass, TX) — failed April 20, 1988

First City, Texas - Aransas Pass of Aransas Pass, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Aransas (TX) took over its insured deposits. At failure it held $48.9M in assets and $44.9M in deposits. The FDIC's estimated loss on the failure is $203K (0.4% of assets).