Bank failure · TX

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

First City, Texas - Sour Lake of Sour Lake, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Sour LA (TX) took over its insured deposits. At failure it held $45.8M in assets and $42.3M in deposits. The FDIC's estimated loss on the failure is $16K (0.0% of assets).