# FIRST CITY, TEXAS - LAKE JACKSON

> **Failed bank** · LAKE JACKSON, TX · failed 1992-10-30 · State commercial bank, non-Federal Reserve member (FDIC-supervised)

## What happened

FIRST CITY, TEXAS - LAKE JACKSON of LAKE JACKSON, TX was closed by regulators 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
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $96M
- **Assets at failure:** $104M
- **Acquiring bank:** FIRST HEIGHTS BANK, FSB (HOUSTON, TX)

## Other banks FIRST HEIGHTS BANK, FSB has acquired in FDIC resolutions

- FIRST CITY, TEXAS - ORANGE, NA (ORANGE, TX) — failed 1992-10-30 — /failed-bank/3393

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST CITY, TEXAS - LAKE JACKSON (FDIC ID 3399), failed 1992-10-30. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3399.

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