Bank failure · TX

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

First Republicbank-Harlingen, N.A. of Harlingen, 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 $213.6M in assets and $193.1M in deposits. The FDIC's estimated loss on the failure is $47.3M (22.2% of assets).