Bank failure · TX

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

First City, Texas - Dallas of Dallas, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Dallas (TX) took over its insured deposits. At failure it held $590.3M in assets and $489.3M in deposits. The FDIC's estimated loss on the failure is $79.1M (13.4% of assets).