Bank failure · TX

First Republicbank-Brownwood, N.A. (Brownwood, TX) — failed July 29, 1988

First Republicbank-Brownwood, N.A. of Brownwood, 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 $126.7M in assets and $118.8M in deposits. The FDIC's estimated loss on the failure is $28.5M (22.5% of assets).