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Bank failure · TX

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

First City, Texas - Lewisville of Lewisville, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Lewisvi (TX) took over its insured deposits. At failure it held $131.1M in assets and $122.0M in deposits. The FDIC's estimated loss on the failure is $2.4M (1.8% of assets).

Closing date
April 20, 1988
FDIC certificate #
9977
Resolution
A/A (assistance)
Acquiring institution
First City, Texas - Lewisvi
Insurance fund
FDIC

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What happens when a bank fails