Bank failure · TX

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

First City, Texas - Arlington of Arlington, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Arlingt (TX) took over its insured deposits. At failure it held $240.8M in assets and $217.4M in deposits. The FDIC's estimated loss on the failure is $18.9M (7.8% of assets).