Bank failure · TX

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

First City, Texas - Farmers Branch of Farmers Branch, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Farmers (TX) took over its insured deposits. At failure it held $162.0M in assets and $149.5M in deposits. The FDIC's estimated loss on the failure is $4.2M (2.6% of assets).