Bank failure · TX

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

First City, Texas - Houston, NA of Houston, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Houston (TX) took over its insured deposits. At failure it held $4.4B in assets and $2.2B in deposits. The FDIC's estimated loss on the failure is $721.0M (16.3% of assets).