Bank failure · TX

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

First City, Texas - El Paso of El Paso, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - El Paso (TX) took over its insured deposits. At failure it held $391.8M in assets and $339.1M in deposits. The FDIC's estimated loss on the failure is $904K (0.2% of assets).