FIRST CITY, TEXAS - AUSTIN Failed 1988

What happened

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

Resolution: A/A

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

Key facts

FDIC ID

1688

FDIC Certificate

15721

FDIC FIN

1941

Bank name

FIRST CITY, TEXAS - AUSTIN

Location

AUSTIN, 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.)

$77M

Deposits at failure

$601M

Assets at failure

$710M

Acquiring bank

FIRST CITY, TEXAS - AUSTIN (AUSTIN, TX)