Bank failure · TX

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

First City, Texas - Westwood of Houston, Texas was closed on April 20, 1988 and resolved through a a/a. First City, Texas - Westwoo (TX) took over its insured deposits. At failure it held $25.6M in assets and $25.6M in deposits. The FDIC's estimated loss on the failure is $2.7M (10.5% of assets).