Bank failure · TX

First Republicbank-Clifton (Clifton, TX) — failed July 29, 1988

First Republicbank-Clifton of Clifton, 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 $82.3M in assets and $76.9M in deposits. The FDIC's estimated loss on the failure is $23.0M (27.9% of assets).