Bank failure · TX

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

First Republicbank-Houston, N.A. of Houston, 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 $2.7B in assets and $2.3B in deposits. The FDIC's estimated loss on the failure is $551.4M (20.3% of assets).