Bank failure · TX

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

First Republicbank-Ft. Worth, N.A. of Ft. Worth, 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 $2.0B in assets and $1.6B in deposits. The FDIC's estimated loss on the failure is $155.1M (7.9% of assets).