TellerScore

Bank failure · TX

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

First City, Texas - Fort Worth of Fort Worth, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Fort Wo (TX) took over its insured deposits. At failure it held $58.8M in assets and $57.2M in deposits. The FDIC's estimated loss on the failure is $4.8M (8.2% of assets).

Closing date
April 20, 1988
FDIC certificate #
24061
Resolution
A/A (assistance)
Acquiring institution
First City, Texas - Fort Wo
Insurance fund
FDIC

Other failures in 1988

What happens when a bank fails