Bank failure · TX

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

First Republicbank-Stephenville of Stephenville, 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 $124.2M in assets and $116.8M in deposits. The FDIC's estimated loss on the failure is $19.7M (15.8% of assets).