Bank failure · TX

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

First City, Texas - Northchase of Houston, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Northch (TX) took over its insured deposits. At failure it held $53.6M in assets and $50.6M in deposits. The FDIC's estimated loss on the failure is $1.6M (2.9% of assets).