Bank failure · TX

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

First City, Texas - Lake Jackson of Lake Jackson, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Lake Ja (TX) took over its insured deposits. At failure it held $85.8M in assets and $78.8M in deposits. The FDIC's estimated loss on the failure is $181K (0.2% of assets).