Bank failure · TX

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

First City, Texas - Beaumont of Beaumont, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Beaumon (TX) took over its insured deposits. At failure it held $447.4M in assets and $399.5M in deposits. The FDIC's estimated loss on the failure is $12.3M (2.8% of assets).