Bank failure · TX

First City, Texas - Westheimer Plaza (Houston, TX) — failed April 20, 1988

First City, Texas - Westheimer Plaza of Houston, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Westhei (TX) took over its insured deposits. At failure it held $62.6M in assets and $61.0M in deposits. The FDIC's estimated loss on the failure is $5.3M (8.4% of assets).