Bank failure · TX

First City, Texas - Clear Lake (Houston, TX) — failed April 20, 1988

First City, Texas - Clear Lake of Houston, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Clear L (TX) took over its insured deposits. At failure it held $79.8M in assets and $74.7M in deposits. The FDIC's estimated loss on the failure is $1.4M (1.7% of assets).