Bank failure · TX

First City, Texas - Fondren South (Houston, TX) — failed April 20, 1988

First City, Texas - Fondren South of Houston, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Fondren (TX) took over its insured deposits. At failure it held $62.5M in assets and $59.9M in deposits. The FDIC's estimated loss on the failure is $3.0M (4.8% of assets).