Bank failure · TX

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

First Republicbank-Ennis, N.A. of Ennis, 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 $96.1M in assets and $90.6M in deposits. The FDIC's estimated loss on the failure is $21.3M (22.2% of assets).