Bank failure · TX

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

First City, Texas - Northeast of Houston, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Northea (TX) took over its insured deposits. At failure it held $71.1M in assets and $67.1M in deposits. The FDIC's estimated loss on the failure is $624K (0.9% of assets).