TellerScore

Bank failure · TX

First Republicbank-A&m (College Station, TX) — failed July 29, 1988

First Republicbank-A&m of College Station, Texas was closed on July 29, 1988 and resolved through a purchase and assumption. Ncnb Texas National Bank (TX) took over its insured deposits. At failure it held $101.0M in assets and $95.8M in deposits. The FDIC's estimated loss on the failure is $11.7M (11.6% of assets).

Closing date
July 29, 1988
FDIC certificate #
18832
Resolution
Purchase and assumption (failure)
Acquiring institution
Ncnb Texas National Bank
Insurance fund
FDIC

Other failures in 1988

What happens when a bank fails