# FIRST CITY, TEXAS - GARLAND

> **Failed bank** · GARLAND, TX · failed 1988-04-20 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

FIRST CITY, TEXAS - GARLAND of GARLAND, 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 - GARLAND** (GARLAND, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1701
- **FDIC Certificate:** 19265
- **FDIC FIN:** 1941
- **Bank name:** FIRST CITY, TEXAS - GARLAND
- **Location:** GARLAND, 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:** $2M
- **Deposits at failure:** $120M
- **Assets at failure:** $130M
- **Acquiring bank:** FIRST CITY, TEXAS - GARLAND (GARLAND, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CITY, TEXAS - GARLAND (FDIC ID 1701), failed 1988-04-20. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1701.

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