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Bank failure · TX

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

First City, Texas - San Antonio of San Antonio, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - San Ant (TX) took over its insured deposits. At failure it held $47.7M in assets and $45.4M in deposits. The FDIC's estimated loss on the failure is $3.2M (6.6% of assets).

Closing date
April 20, 1988
FDIC certificate #
24723
Resolution
A/A (assistance)
Acquiring institution
First City, Texas - San Ant
Insurance fund
FDIC

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What happens when a bank fails