Bank failure · TX

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

First City, Texas - Richardson of Richardson, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Richard (TX) took over its insured deposits. At failure it held $234.2M in assets and $210.9M in deposits. The FDIC's estimated loss on the failure is $1.7M (0.7% of assets).