FIRST CITY, TEXAS - LAKE JACKSON Failed 1992
What happened
FIRST CITY, TEXAS - LAKE JACKSON of LAKE JACKSON, TX was closed on 1992-10-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST HEIGHTS BANK, FSB (HOUSTON, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3399
- FDIC Certificate
- 16524
- FDIC FIN
- 4534
- Bank name
- FIRST CITY, TEXAS - LAKE JACKSON
- Location
- LAKE JACKSON, TX
- Failure date
- 1992-10-30
- FDIC resolution date
- 1993-02-13
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $96M
- Assets at failure
- $104M
- Acquiring bank
- FIRST HEIGHTS BANK, FSB (HOUSTON, TX)
Other banks FIRST HEIGHTS BANK, FSB acquired in FDIC resolutions