Bank failure · TX

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

First Republicbank-Richmond, N.A of Richmond, 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 $99.9M in assets and $92.5M in deposits. The FDIC's estimated loss on the failure is $29.3M (29.3% of assets).