# FIRST CITY, TEXAS - GATEWAY

> **Failed bank** · BEAUMONT, TX · failed 1988-04-20 · National commercial bank (OCC-chartered) · FDIC cost $0M

## What happened

FIRST CITY, TEXAS - GATEWAY of BEAUMONT, TX was closed by the OCC on **1988-04-20**. The FDIC was named receiver.

**Resolution:** A/A

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


## Key facts

- **FDIC ID:** 1696
- **FDIC Certificate:** 18079
- **FDIC FIN:** 1941
- **Bank name:** FIRST CITY, TEXAS - GATEWAY
- **Location:** BEAUMONT, TX
- **Failure date:** 1988-04-20
- **FDIC resolution date:** 1988-04-20
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $71M
- **Assets at failure:** $76M
- **Acquiring bank:** FIRST CITY, TEXAS - GATEWAY (BEAUMONT, TX)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20CITY%2C%20TEXAS%20-%20GATEWAY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CITY, TEXAS - GATEWAY (FDIC ID 1696), failed 1988-04-20. Retrieved via AI Analytics 2026-05-24 from https://api.ai-analytics.org/failed-bank/1696.

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