Bank failure · TX

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

First Republicbank-El Paso, N.A. of El Paso, 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 $217.7M in assets and $208.2M in deposits. The FDIC's estimated loss on the failure is $35.0M (16.1% of assets).