Bank failure · TX

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

First Republicbank-Plano, N.A. of Plano, 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 $199.7M in assets and $182.9M in deposits. The FDIC's estimated loss on the failure is $37.5M (18.8% of assets).