Bank failure · TX

First City, Texas - North Belt (Houston, TX) — failed April 20, 1988

First City, Texas - North Belt of Houston, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - North B (TX) took over its insured deposits. At failure it held $56.7M in assets and $53.3M in deposits. The FDIC's estimated loss on the failure is $602K (1.1% of assets).