Bank failure · TX

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

First Republicbank-Odessa, N.A. of Odessa, 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 $175.0M in assets and $166.0M in deposits. The FDIC's estimated loss on the failure is $38.1M (21.8% of assets).