Bank failure · TX

First Republicbank-Lufkin (Lufkin, TX) — failed July 29, 1988

First Republicbank-Lufkin of Lufkin, 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 $224.9M in assets and $192.4M in deposits. The FDIC's estimated loss on the failure is $21.5M (9.6% of assets).