Bank failure · TX

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

First City, Texas - San Angelo of San Angelo, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - San Ang (TX) took over its insured deposits. At failure it held $139.4M in assets and $130.7M in deposits. The FDIC's estimated loss on the failure is $1.1M (0.8% of assets).