Bank failure · TX

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

First Republicbank-San Antonio of San Antonio, 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 $797.2M in assets and $726.8M in deposits. The FDIC's estimated loss on the failure is $57.4M (7.2% of assets).