Bank failure · TX

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

First Republicbank-Corsicana, N.A. of Corsicana, 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 $200.6M in assets and $186.9M in deposits. The FDIC's estimated loss on the failure is $16.0M (8.0% of assets).