Bank failure · TX

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

First City, Texas - Central of Beaumont, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Central (TX) took over its insured deposits. At failure it held $69.5M in assets and $64.8M in deposits. The FDIC's estimated loss on the failure is $325K (0.5% of assets).