Bank failure · TX

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

First City, Texas - Garland of Garland, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Garland (TX) took over its insured deposits. At failure it held $129.8M in assets and $120.2M in deposits. The FDIC's estimated loss on the failure is $1.6M (1.2% of assets).