Bank failure · TX

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

First City, Texas - Richmond of Richmond, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Richmon (TX) took over its insured deposits. At failure it held $74.7M in assets and $70.7M in deposits. The FDIC's estimated loss on the failure is $347K (0.5% of assets).