Data / Bank failures / 1988 / First City, Texas - Central
First City, Texas - Central, Beaumont, TX: received FDIC assistance April 20, 1988
First City, Texas - Central in Beaumont, Texas, received open bank assistance from the FDIC on April 20, 1988. It held $69.5 million in assets and $64.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $324,876 (0.5% of its assets). By assets it was the 230th largest of 470 banks closed or assisted in 1988.
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The FDIC's record
- Closed
- April 20, 1988
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- First City, Texas - Central, Beaumont, TX
- Total assets
- $69,512,000
- Total deposits
- $64,841,000
- Estimated cost to the FDIC
- $324,876 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 18151
Other bank failures in Texas, 1986 to 1990
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Peoples State Bank | Dallas | December 14, 1990 | $30.3 million | $30.6 million | $6.3 million | Comerica Bank - Texas |
| The State Bank of Omaha | Omaha | December 14, 1990 | $20.5 million | $20.6 million | $5.3 million | The First National Bank of |
| Washington County State Bank | Brenham | December 13, 1990 | $77.7 million | $77.5 million | $9.4 million | Channelview Bank |
| Andrews Savings & Loan Assoc. | Andrews | December 7, 1990 | $126.1 million | $109.7 million | $11 million | |
| First National Bank of Rowlett | Rowlett | December 7, 1990 | $20.5 million | $21.4 million | $6.5 million | U.S. Trust Company of Texas |
| Heights Bank | Harker Heights | December 7, 1990 | $28.8 million | $27 million | $4.7 million | Heights State Bank |
| First Southwest FS & La | Tyler | November 30, 1990 | $51.2 million | $45.3 million | $4.9 million | Citizens Bank |
| Atascosa Sa | Jourdanton | November 30, 1990 | $34.7 million | $32.9 million | $7.1 million |
Other failed banks First City, Texas - Central took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First City, Texas - Central Arlington (assistance) | Arlington | TX | April 20, 1988 | $91.4 million | $83 million | $3 million | First City, Texas - Central |
| First City, Texas - Central Park (assistance) | San Antonio | TX | April 20, 1988 | $177.3 million | $170.2 million | $26 million | First City, Texas - Central |
All bank failures in 1988 · All bank failures in Texas · Every failed bank First City, Texas - Central took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.