Bank failure · TX

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

First City, Texas - Madisonville of Madisonville, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Madison (TX) took over its insured deposits. At failure it held $89.7M in assets and $81.9M in deposits. The FDIC's estimated loss on the failure is $142K (0.2% of assets).