Bank failure · TX

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

First City, Texas - Kountze of Kountze, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Kountze (TX) took over its insured deposits. At failure it held $34.6M in assets and $32.2M in deposits. The FDIC's estimated loss on the failure is $27K (0.1% of assets).