Bank failure · TX

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

First Republicbank-Paris of Paris, 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 $79.3M in assets and $74.1M in deposits. The FDIC's estimated loss on the failure is $20.5M (25.8% of assets).