Bank failure · TX

First City, Texas - Highland Village (Houston, TX) — failed April 20, 1988

First City, Texas - Highland Village of Houston, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Highlan (TX) took over its insured deposits. At failure it held $147.5M in assets and $138.2M in deposits. The FDIC's estimated loss on the failure is $3.6M (2.4% of assets).