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Bank failure · TX

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

First City, Texas - Colleyville of Colleyville, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Colleyv (TX) took over its insured deposits. At failure it held $55.0M in assets and $48.7M in deposits. The FDIC's estimated loss on the failure is $201K (0.4% of assets).

Closing date
April 20, 1988
FDIC certificate #
20779
Resolution
A/A (assistance)
Acquiring institution
First City, Texas - Colleyv
Insurance fund
FDIC

Other failures in 1988

What happens when a bank fails