FIRST CITY, TEXAS - EL PASO Failed 1988

What happened

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

Resolution: A/A

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

Key facts

FDIC ID

1691

FDIC Certificate

16560

FDIC FIN

1941

Bank name

FIRST CITY, TEXAS - EL PASO

Location

EL PASO, 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

$339M

Assets at failure

$392M

Acquiring bank

FIRST CITY, TEXAS - EL PASO (EL PASO, TX)