Bank failure · TX

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

First Republicbank-Cleburne, N.A of Cleburne, 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 $118.4M in assets and $110.9M in deposits. The FDIC's estimated loss on the failure is $14.5M (12.3% of assets).