Bank failure · TX

River City Bank (Castle Hills, TX) — failed September 15, 1988

River City Bank of Castle Hills, Texas was closed on September 15, 1988 and resolved through a purchase and assumption. Citizens Stb of Luling (TX) took over its insured deposits. At failure it held $15.1M in assets and $17.7M in deposits. The FDIC's estimated loss on the failure is $7.4M (49.0% of assets).