Bank failure · TX

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

First City, Texas - Lancaster of Lancaster, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Lancast (TX) took over its insured deposits. At failure it held $81.4M in assets and $76.1M in deposits. The FDIC's estimated loss on the failure is $507K (0.6% of assets).