Bank failure · TX

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

First City, Texas - Lufkin of Lufkin, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Lufkin (TX) took over its insured deposits. At failure it held $156.6M in assets and $139.5M in deposits. The FDIC's estimated loss on the failure is $518K (0.3% of assets).