Bank failure · TX

First City, Texas - Medical Center (Houston, TX) — failed April 20, 1988

First City, Texas - Medical Center of Houston, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Medical (TX) took over its insured deposits. At failure it held $52.4M in assets and $49.2M in deposits. The FDIC's estimated loss on the failure is $155K (0.3% of assets).