FIRST CITY, TEXAS - FONDREN SOUTH Failed 1988
What happened
FIRST CITY, TEXAS - FONDREN SOUTH of HOUSTON, TX was closed on 1988-04-20. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to FIRST CITY, TEXAS - FONDREN (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1718
- FDIC Certificate
- 21907
- FDIC FIN
- 1941
- Bank name
- FIRST CITY, TEXAS - FONDREN SOUTH
- Location
- HOUSTON, TX
- Failure date
- 1988-04-20
- FDIC resolution date
- 1988-04-20
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $60M
- Assets at failure
- $62M
- Acquiring bank
- FIRST CITY, TEXAS - FONDREN (HOUSTON, TX)