Bank failure · TX

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

First Republicbank-Lubbock, N.A. of Lubbuck, 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 $528.1M in assets and $475.8M in deposits. The FDIC's estimated loss on the failure is $1.6M (0.3% of assets).