Bank failure · TX

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

First City, Texas - Midland of Midland, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Midland (TX) took over its insured deposits. At failure it held $361.2M in assets and $313.2M in deposits. The FDIC's estimated loss on the failure is $16.8M (4.6% of assets).