Bank failure · TX

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

First Republicbank-Mineral Wells of Mineral Wells, 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 $174.4M in assets and $168.3M in deposits. The FDIC's estimated loss on the failure is $53.1M (30.4% of assets).