FIRST CITY, TEXAS - MIDLAND Failed 1988

What happened

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

Resolution: A/A

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

Key facts

FDIC ID

1679

FDIC Certificate

3344

FDIC FIN

1941

Bank name

FIRST CITY, TEXAS - MIDLAND

Location

MIDLAND, 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.)

$17M

Deposits at failure

$313M

Assets at failure

$361M

Acquiring bank

FIRST CITY, TEXAS - MIDLAND (MIDLAND, TX)