FIRST CITY, TEXAS - LUFKIN Failed 1988

What happened

FIRST CITY, TEXAS - LUFKIN of LUFKIN, TX was closed on 1988-04-20. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to FIRST CITY, TEXAS - LUFKIN (LUFKIN, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1677

FDIC Certificate

3316

FDIC FIN

1941

Bank name

FIRST CITY, TEXAS - LUFKIN

Location

LUFKIN, TX

Failure date

1988-04-20

FDIC resolution date

1988-04-20

Charter type

National commercial bank (OCC-chartered)

Resolution type

A/A

FDIC DIF cost (est.)

$1M

Deposits at failure

$140M

Assets at failure

$157M

Acquiring bank

FIRST CITY, TEXAS - LUFKIN (LUFKIN, TX)