FIRST CITY BANCORPORATION OF TEXAS, INC.

bank holding company, headquartered in Houston and operating largely in Texas, U.S. The major subsidiary is the First City National Bank of Houston, established in 1956 with the merger of First National Bank in Houston (established 1866) and City National Bank of Houston (established 1928 under a different name). Other subsidiary banks are located throughout Texas. First City Bancorporation provides managerial direction, financial resource coordination, and advisory services for its various subsidiary banks. The nonbank subsidiaries are involved in finance: life insurance, credit insurance, health and accident insurance, and financial data processing. Because of its emphasis on lending to oil and real estate interests, the bank had begun to fail in 1987; it was saved from collapse by aid from the Federal Deposit Insurance Corporation.